CDIC provides FAQs about changes to CDIC deposit insurance
OTTAWA – March 13, 2020 – CDIC has published a set of Frequently Asked Questions (FAQs) to answer common depositor questions about the upcoming changes to the deposit insurance framework. The FAQs provide information on the first phase of changes, taking effect on April 30, 2020.
Member institutions can view and download the FAQs in the Financial Community section of the CDIC website. The FAQs will be further updated to coincide with the changes coming into force on April 30, 2022.
For additional information about changes to deposit insurance, please visit the Financial Community section of the CDIC website.
To receive news and regular updates on issues affecting the financial community, please subscribe to our newsroom.
– 30 –
For further information
Director, Communications and Public Affairs