Insured depositors can be covered for more than $100,000 at any given FI under current CDIC regulations.

Question

Quizplus · Accepted Answer

CDIC regulations allow for coverage of up to $100,000 per deposit category (e.g. savings account, RRSP) per FI. Insured depositors can have multiple accounts in different categories at the same FI and be covered for up to $100,000 for each category. Therefore, it is possible for insured depositors to have coverage for more than $100,000 at any given FI.

Insured Depositors Can Be Covered for More Than $100,000 at Any