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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. As a resolution authority, we are responsible for handling the failure of any of our members, from the smallest to the largest.
Deposit insurance protects your savings if your financial institution fails. You don’t have to apply or pay for deposit insurance. The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.
We are the federal Crown corporation that contributes to the stability of the Canadian financial system by providing deposit insurance against the loss of eligible deposits at member institutions in the event of failure.
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.
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.
Oct 27, 2020 · The Deposit Insurance Corporation of Ontario (DICO) is a public agency governed by the province, while all the remaining provinces rely on private corporations to insure your savings.
Apr 30, 2022 · 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.
