Your coverage


As of April 30, 2022, CDIC protection is expanded to include Registered Education Savings Plans and Registered Disability Savings Plans. There are also new rules for deposits held in trust. These changes are part of the Government of Canada’s commitment to modernize and enhance CDIC deposit protection to reflect how Canadians bank and save.

Use our deposit calculator, to see how CDIC protects your money.

What's covered?

What's not covered?

What's not covered?



What happens if a CDIC member fails?

Your money belongs in your hands. CDIC works hard to protect your savings and your access to financial services. If your institution fails, we will provide access to your covered funds (including the eligible principal and interest amounts) within days.

It's automatic – we will contact you.


What you can do?

  • Keep your contact information at your financial institution up-to-date so CDIC can send payment if necessary.
  • Know what is covered and what is not.

To learn more about CDIC deposit protection read up on our FAQs and check out our info videos.

About CDIC

Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that protects more than $1 trillion in Canadian deposits. In the rare event a member financial institution faces failure, we step in to ensure you have continuous access to your money.

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