A: Eligible deposits include savings accounts, chequing accounts,
GICs or other term deposits with an original term to maturity of 5 years or less, money orders, certified cheques, and bank drafts issued by
Market-linked or index-linked deposits are eligible for
CDIC coverage since they are term deposits whose returns are linked to a variation in a stock exchange index. They are neither an insurance contract nor a security. They are deposits redeemable at maturity.