Four main groups in Canada protect your investments, up to certain limits, if your financial institution goes bankrupt:
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The Canada Deposit Insurance Corporation (CDIC), which insures deposits with banks, trust companies and loan companies.
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The Canadian Investor Protection Fund (CIPF), which protects assets and cash you have invested with brokerage firms.
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The Mutual Fund Dealers Association (MFDA) Investor Protection Corporation, which protects assets and cash you have invested with member firms of the MFDA.
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Assuris, which protects savings and benefits issued by insurance companies.
You don’t have to apply to be protected. But you should ask your financial institution or adviser if your investments are covered, and what the limits are. Some provinces also have trust funds to protect investors.
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How does the CDIC protect my money?
How does the CIPF protect my money?
How does the MFDA protect my money?
How does Assuris protect my money?
Remember: Your investments are protected only from certain kinds of losses.
You are not protected from losses due to market conditions or poor investing choices.
Learn more
If you’d like to learn more about which plan protects you, visit Canadian Consumer Protection for Financial Institution Failures.