The Mutual Fund Dealers Association of Canada Investor Protection Corporation (MFDA IPC) provides compensation, within certain limits, if a mutual fund dealer outside Québec goes bankrupt. Most accounts are automatically covered if your mutual fund dealer is a member of the MFDA IPC.
You can find a list of members and information about the extent of coverage on the Mutual Fund Dealers Association of Canada website.
If you live in Québec...
The Autorité des marchés financiers (AMF) will pay compensation only to eligible victims of fraud, fraudulent tactics or embezzlement. This protection applies even though the Mutual Fund dealer goes bankrupt.
For more information about the AMF compensation fund, contact the AMF .