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   Is Canada Deposit Insurance Corporation a bank?

   • The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament in 1967 to protect your deposits made with member financial institutions in case of their failure. CDIC is NOT a bank. CDIC is NOT a private insurance company. Scotiabank is the well-known trade name of The Bank of Nova Scotia.

   Canada Deposit Insurance Corporation (CDIC) - Scotiabank

   www.scotiabank.com/ca/en/personal/bank-accounts/canada-deposit-insurance-corporation.html

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   How does deposit insurance work in Canada?

   • The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada. Find out if your financial institution is a member of CDIC. CDIC insures eligible deposits separately up to $100,000. Deposit insurance covers the following types of deposits:

   Deposit insurance - Canada.ca

   www.canada.ca/en/financial-consumer-agency/services/banking/deposit-insurance.html

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   What is Canada deposit insurance corporation (CDIC)?

   • Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that insures more than $1 trillion in deposits held in member institutions. CDIC is fully funded by our members and coverage is free and automatic – you don’t have to sign up.

   Protecting your deposits - CDIC

   www.cdic.ca/wp-content/uploads/cdic-abbreviated-brochure-en.pdf

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   Does CDIC cover deposits in Canadian and foreign currency?

   • CDIC protects eligible deposits in Canadian and foreign currency for up to $100,000 (Canadian dollars) in each of CDIC's insurance categories. What’s covered? What’s not covered? Example: Jane Doe has placed the following funds at a CDIC member institution. Here’s what does and does not qualify for CDIC coverage:

   Protecting your deposits - CDIC

   www.cdic.ca/wp-content/uploads/cdic-abbreviated-brochure-en.pdf

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2. www.canada.ca › banking › deposit-insuranceDeposit insurance - Canada.ca

   www.canada.ca › banking › deposit-insurance

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   The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada. Find out if your financial institution is a member of CDIC.

3. www.cdic.caHome - CDIC

   www.cdic.ca

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   What’s covered? Understand your coverage with our calculator. Find out if your financial institution is a member. Learn why deposit insurance is important. Guaranteeing the safety of your insured deposits to protect financial futures in Canada. CDIC is a federal Crown corporation established in 1967 to protect the savings of Canadians.

4. www.scotiabank.com › ca › enCanada Deposit Insurance Corporation (CDIC) - Scotiabank

   www.scotiabank.com › ca › en

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   The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament in 1967 to protect your deposits made with member financial institutions in case of their failure. CDIC is NOT a bank. CDIC is NOT a private insurance company.

5. www.moneysense.ca › save › bankingWhat is CDIC insurance, how it works and what’s covered

   www.moneysense.ca › save › banking

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   Oct 27, 2020 · Motivated to keep the stability of the financial system in Canada in check by protecting Canadians and their valuable savings, the CDIC insures over $800 billion in deposits at over 80 member...

6. www.cdic.ca › depositors › whats-coveredWhat's covered - CDIC

   www.cdic.ca › depositors › whats-covered

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   Protection is based on several deposit categories that keep your money safe throughout your life. Calculate your coverage. Find out what CDIC considers to be eligible deposits for insurance protection and what deposits CDIC does not protect.

7. www.cdic.ca › wp-content › uploadsProtecting your deposits - CDIC

   www.cdic.ca › wp-content › uploads

   CDIC protects eligible deposits in Canadian and foreign currency for up to $100,000 (Canadian dollars) in each of CDIC's insurance categories. What’s covered?

8. www.nerdwallet.com › ca › bankingCDIC Coverage: What You Should Know - NerdWallet Canada

   www.nerdwallet.com › ca › banking

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   Oct 26, 2023 · The Canada Deposit Insurance Corporation (CDIC) may protect your money — up to $100,000 per eligible account — in the unlikely event your bank fails.