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The deposit insurance coverage available for eligible deposits will depend on the institution. Chartered Banks and Trust Companies are federally insured and Credit Unions are provincially or corporately insured.

In Canada, Canadian Deposit Insurance Corporation provides deposit insurance against the loss of eligible deposits at member institutions in the event of failure. CDIC deposit insurance coverage is only available where eligible deposits are held at a CDIC member institution. Eligible deposits are automatically covered to a limit of $100,000 per insured category at each CDIC member financial institution. Members include banks, federally regulated credit unions, as well as loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits. *

Insurable deposits with Ontario Credit Unions are covered by the Financial Services Regulatory Authority of Ontario (FSRA formerly DICO). All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage.

Update: Effective June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRA) assumed regulatory duties of the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). Click Here for more details

*CDIC – www.cdic.ca – Find out if your savings are protected using CDIC’s Deposit Insurance Estimator. For more information about CDIC’s deposit insurance, visit www.cdic.ca.

FSRA – www.fsrao.ca – The Deposit Insurance Corporation of Ontario (DICO) has amalgamated into the Financial Services Regulatory Authority (FSRA)

NSCUDIC – www.nscudic.org