Is your money safe in the bank? What CDIC deposit insurance covers
Quick summary
CDIC says it covers eligible deposits up to $100,000 per category, including principal and interest, at its member institutions. Coverage is free and automatic. Savings, chequing, GICs and other term deposits count. Stocks, bonds, mutual funds, ETFs and crypto do not. Credit unions use provincial insurers, which we list in credit union deposit insurance by province.
Checked November 10, 2026. Main source: CDIC: What's covered (modified October 16, 2026, read November 10, 2026). See all 2 sources.
Key facts
- Limit
- $100,000 per category, principal and interest together
- Source: CDIC, modified October 16, 2026
- Categories
- Nine, each insured separately
- Source: CDIC, modified October 16, 2026
- Cost to you
- Free and automatic
- Source: CDIC, modified October 16, 2026
The nine categories, each insured separately
| Category | Covered up to |
|---|---|
| Deposits held in one name | $100,000 |
| Joint deposits (more than one name) | $100,000 |
| RRSP | $100,000 |
| RRIF | $100,000 |
| TFSA | $100,000 |
| RDSP | $100,000 |
| RESP | $100,000 |
| FHSA | $100,000 |
| Trust deposits | $100,000 |
Source: CDIC: What's covered (modified October 16, 2026, read November 10, 2026). Each member institution has its own coverage, so the same person at two member institutions is covered at each.
What counts and what does not
- Covered: deposits in Canadian or foreign currency, including money received by payroll, Interac e-Transfer or cheque.
- Covered: GICs and other term deposits. CDIC's page does not state a maximum term.
- Not covered: mutual funds, stocks, bonds, ETFs and cryptocurrencies, including stablecoins.
- The FCAC also says losses from fraud or theft are not covered.
Sources: CDIC: What's covered (modified October 16, 2026, read November 10, 2026); Financial Consumer Agency of Canada: Deposit insurance (modified October 23, 2026, read November 10, 2026).
How to check that your institution is a member
Use CDIC's list of member institutions on its website. The FCAC explains that provincial plans cover credit unions, trust and loan companies and caisses populaires, and that their coverage varies by province. For those, contact the province's deposit insurer.
You do not apply for a payout. The FCAC says CDIC pays eligible depositors automatically if an institution fails.
Source: Financial Consumer Agency of Canada: Deposit insurance (modified October 23, 2026, read November 10, 2026).
A worked example, using the stated limit
Say a person has $90,000 in a savings account in their own name and $40,000 in a TFSA savings account at the same member bank. Those are two categories, so each is measured against $100,000 separately. This is our reading of the category rule. For your own case, use CDIC's calculator or ask your institution.
Questions people ask
How much does CDIC insure?
CDIC says $100,000 per category, including principal and interest, at each member institution.
Are GICs covered by CDIC?
Yes. CDIC lists GICs and other term deposits as eligible. Its page does not state a maximum term.
Are investments like ETFs or crypto covered?
No. CDIC lists mutual funds, stocks, bonds, ETFs and cryptocurrencies as not covered.
Do I need to sign up?
No. CDIC says coverage is free and automatic.
Are credit union deposits covered by CDIC?
Credit unions are covered by provincial plans, and coverage varies by province. See our province-by-province guide.
Does your province have its own rules?
Credit union deposits are insured by provincial bodies, and the limit depends on where you live. Pick yours to see where to look. We remember your choice on this device only.