CDIC

CDIC is 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.

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.