CDIC Insurance Coverage | Page 3 | General financial discussion | Discussion forum

lhsaid said
I'd like to double check with people here that my understanding of the CDIC coverage is correct. Basically, to maximize the coverage, we're planning to open a bunch of joint accounts (same FI), we're three people: P1,P2 and P3
We're going to open four joint accounts:
P1+P2,
P1+P3,
P1+P2+P3
P2+P3
If we deposit 100K in each account, we're covered 100%.
Is this correct ?  

Followup question to this? What is P1, P2, and P3 all have individual accounts as well, each with 100K? Would that add another 100K in CDIC coverage?