Budget 2026 - Increases to CDIC insurance | General financial discussion | Discussion forum

In Budget 2026, Annex 3, Legislative Measures,
the government proposes to amend the Canada Deposit Insurance Corporation Act to modernise the deposit insurance framework by increasing the deposit insurance limit to $250,000, providing temporary high-balance coverage for certain life events like selling a home, removing the deposit insurance limit for eligible deposits in registered and tax-free accounts; legislating a periodic review of the deposit insurance framework every 10 years, ensuring that the Canada Deposit Insurance Corporation (CDIC) can access data to support evidence-based policy development, and updating the framework so provincial trust and loan companies seeking to become a CDIC member may only do so by continuing as a federal trust and loan company.

This is in line with what CDIC was suggesting as a base case many months? a year? ago when they invited the public to comment on their proposals. This would be near and dear to the hearts of many members of this forum.