Search results
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.
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.
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) 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.
Oct 24, 2021 · The Canadian Deposit Insurance Corporation (CDIC) is a crown corporation owned by the Canadian government that insures bank deposits up to $100,000.
Mar 21, 2023 · About 65% of deposits at Canada’s top six banks — Royal Bank of Canada, TD Bank, Bank of Montreal, CIBC, Scotiabank and National Bank of Canada — are uninsured, according to DBRS Morningstar.
Apr 24, 2023 · Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Leah Anderson as the President and Chief Executive Officer of the Canada Deposit Insurance Corporation (CDIC) for a five-year term. Ms. Anderson has served as interim President and CEO of CDIC since August 2021.
