Contact Canada Deposit Insurance Corporation Customer Service

The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that provides deposit insurance to protect the savings of Canadians in case their financial institution fails. Established in 1967, the CDIC insures eligible deposits up to a maximum of $100,000 per depositor per insured category. This includes savings accounts, chequing accounts, term deposits, and GICs. The CDIC does not insure investments such as stocks, bonds, or mutual funds. The corporation works to maintain stability and public confidence in the Canadian financial system by providing deposit insurance and promoting financial literacy. The CDIC is funded by premiums paid by member institutions and does not receive public funds to operate. It is an important part of Canada's financial safety net, helping to protect the savings of Canadians and maintain a stable banking system.