Your coverage

Notice: The Government of Canada has announced that changes to the CDIC Act to modernize and enhance CDIC deposit protection will come into force on April 30, 2020 and April 30, 2021. PLEASE NOTE: Until then, current coverage rules apply.

Deposits held in an RRIF

Here’s an example of a portfolio within a RRIF and what does (✓) and does not (✗) qualify for CDIC coverage:

  • $ 10,000 in a one-year GIC
  • $ 50,000 in a two-year term deposit ✓
  • $ 50,000 in stocks and bonds ✗
  • $ 130,000 in mutual funds ✗
  • = $240,000 of which $60,000 is covered.

What’s insured & why:

The GIC and term deposit are eligible deposits insured for up to $100,000 within a RRIF. So of the $240,000 in total deposits above, $60,000 is covered.

What’s not insured & why not:

CDIC does not insure stocks, bonds or mutual funds, so $180,000 in those investments is not covered.

The following are special types of RRIFs and eligible deposits held in them are combined with eligible deposits in regular RRIFs owned by the same depositor at the same member.

  • LIFs – Life Income Funds
  • LRIFs – Locked-In Retirement Income Fund
  • RLIFs – Restricted Life Income Fund
  • Locked-in RRIFs

Back to top