Cdic
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About Cdic
CDIC provides information on how deposits are protected in Canada since 1967. The site offers resources to understand coverage for deposits in the event of a member institution's failure.
Learn about deposit insurance and financial protection for your savings.
What You Can Do
- Explore deposit insurance coverage details
- Find member institutions
- Access resources for financial literacy
Frequently Asked Questions
What is CDIC?
CDIC stands for Canada Deposit Insurance Corporation, which protects deposits at member institutions.
How does CDIC protect my deposits?
CDIC protects eligible deposits up to $100,000 per depositor per member institution in case of failure.
Are all financial institutions covered by CDIC?
No, only member institutions are covered by CDIC. You can check the list of members on their website.
What types of deposits are insured by CDIC?
CDIC insures savings accounts, chequing accounts, and term deposits among others.
How can I contact CDIC for more information?
You can contact CDIC through their website or by phone for any inquiries regarding deposit insurance.