Deposit-taking institutions

Deposit insurance provides compensation, within certain limits, if a deposit-taking institution goes bankrupt. Deposit-taking institutions include banks, trust companies, loan companies, cooperative credit associations, credit unions, caisse populaires, and, in Québec, certain insurance companies that are registered with the AMF. Most accounts are automatically covered if the institution is a member of a compensation fund.

The Canadian Deposit Insurance Corporation (CDIC) provides Canada-wide coverage for accounts at federally regulated banks, trust companies, loan companies and cooperative credit associations. Provincial deposit insurance programs cover accounts at provincially regulated credit unions, caisse populaires and trust companies.  The Government of Alberta provides coverage for accounts held at ATB Financial branches.  

You can find a list of members of each fund and information about the extent of coverage on the following websites:

Canada
Canadian Deposit Insurance Corporation

British Columbia
Credit Union Deposit Insurance Corporation (British Columbia)

Alberta
Credit Union Deposit Guarantee Corporation (Alberta)

Saskatchewan
Credit Union Deposit Guarantee Corporation (Saskatchewan)

Manitoba
Deposit Guarantee Corporation of Manitoba

Ontario
Deposit Insurance Corporation of Ontario

Québec
Autorité des marchés financiers

New Brunswick
New Brunswick Credit Union Deposit Insurance Corporation

Nova Scotia
Nova Scotia Credit Union Deposit Insurance Corporation

Prince Edward Island
Credit Union Deposit Insurance Corporation (Prince Edward Island)

Newfoundland and Labrador
Credit Union Deposit Guarantee Corporation (Newfoundland and Labrador)

 

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