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Email this3:44 pm
January 12, 2019
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CDIC link ➡ https://www.cdic.ca/your-coverage/changes-to-cdic-deposit-protection/
Unfortunately, the standard limit will remain at $100K. 
- Dean
" Live Long, Healthy ... And Prosper! "
7:58 am
March 30, 2017
Online
Dean said
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CDIC link ➡ https://www.cdic.ca/your-coverage/changes-to-cdic-deposit-protection/Unfortunately, the standard limit will remain at $100K.
Dean
Most of the changes will only benefit a very small % and more of a show than anything. As the population ages which will naturally result in a higher % of net worth tilted to cash like instrument, they should at the min bump up the $100k limit in my mind. It just mean the FIs will pay a higher prem, which they make back via bumping service fees which they always do anyway...
Cover other foreign currencies ?! seriously !! I am willing to bet 99% of the population will have cad and usd and thats it !
2:34 pm
September 15, 2017
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Effective April 30, 2022, there is a change in how CDIC covers deposits purchased from brokers/agents, determined by whether the deposit is in nominee name (treated as held in trust and insured separately) or deposit is in client's name.
https://www.cdic.ca/financial-community/for-brokers-and-other-financial-professionals/
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