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1. 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.

2. 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 · What does CDIC insurance cover? In the event your financial institution goes bankrupt, at least $100,000 of the money you hold in deposits such as chequing, savings and GIC accounts is covered...

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

   www.cdic.ca › depositors › whats-covered

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   Calculate your coverage. Find out what CDIC considers to be eligible deposits for insurance protection and what deposits CDIC does not protect.

5. 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.

   • Email: CAN-legal@nerdwallet.com

6. en.wikipedia.org › wiki › Canada_Deposit_InsuranceCanada Deposit Insurance Corporation - Wikipedia

   en.wikipedia.org › wiki › Canada_Deposit_Insurance

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   The Canada Deposit Insurance Corporation ( CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions.

7. People also ask

   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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   How much money does the CDIC insure in Canada?

   • 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 institutions.

   What is CDIC insurance, how it works and what’s covered

   www.moneysense.ca/save/banking/cdic-coverage-canada-deposit-insurance-corporation/

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   What does CDIC stand for?

   • The Canada Deposit Insurance Corporation ( CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions.

   Canada Deposit Insurance Corporation - Wikipedia

   en.wikipedia.org/wiki/Canada_Deposit_Insurance_Corporation

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   What is Canada deposit insurance corporation (CDIC)?

   • Thanks to the deposit insurance provided by the Canada Deposit Insurance Corporation, more commonly referred to as the CDIC — you can rest easy knowing that your funds are safe. What is the CDIC? The CDIC launched in 1967. It’s not a bank or a private insurance company.

   CDIC Coverage: What You Should Know - NerdWallet Canada

   www.nerdwallet.com/ca/banking/banking-what-is-cdic-deposit-insurance

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8. www.rbc.com › hsbc-canada › cdicAbout Your CDIC Coverage

   www.rbc.com › hsbc-canada › cdic

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   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 members and coverage is free and automatic—you don’t have to sign up.