Deposit insurance in Canada
CDIC vs provincial credit-union funds — who covers what.
Bank and trust-company deposits are insured by CDIC, up to $100,000 per insured category. Credit-union deposits are covered by provincial funds instead — and in British Columbia, Alberta, Saskatchewan and Manitoba that coverage is unlimited, with no dollar cap. Ontario and PEI cover registered accounts with no limit; other provinces typically cover up to $250,000.
Every institution we list shows its deposit insurer, so you can see who stands behind your money before you compare rates.
Deposit insurers at a glance
| Insurer | Jurisdiction | Coverage |
|---|---|---|
| Credit Union Deposit Guarantee Corporation (Alberta) | AB | 100% deposit guarantee; also the prudential supervisor under Alberta Treasury Board oversight |
| Credit Union Deposit Guarantee Corporation (Newfoundland and Labrador) | NL | up to $250,000 |
| Financial Services Regulatory Authority of Ontario | ON | prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019 |
| Autorité des marchés financiers | QC | deposit protection for Québec caisse deposits up to $100,000 |
| Credit Union Deposit Guarantee Corporation (Saskatchewan) | SK | 100% deposit guarantee; also the prudential regulator |
Coverage rules are summarized — confirm the details on each insurer's own site.