Who is CDIC?

Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures eligible deposits you make with our member institutions in case they fail. CDIC is NOT a bank. CDIC is NOT a private insurance company.

CDIC helps keep Canada’s financial system strong. We work for Canadians—by insuring their savings in case a financial institution fails.

We insure eligible deposits made at banks and other financial institutions that are CDIC members. Each year, we report to Parliament through the federal Minister of Finance about our work from the last year and our plans for the next five years.

Learn more about what CDIC does, who we work for, as well as information about the other organizations we work with. You can also read about CDIC’s international work.

Click here to find out more about how CDIC is run, including our statutory objects and role as a Crown corporation, information about how we are governed (our Board of Directors, Board Committees and more), as well as how we are managed (our President and CEO and Corporate Officers) and organized. We have included our key governance policies and reports.