Home CDIC Skip to content Home FR Toggle Menu Calculator List of institutions Contact FR Depositors Are your deposits protected?Learn how deposit insurance works Unfamiliar terminology?Read our glossary What’s covered List of institutions Videos & resources Financial Literacy Hub Women and financial well-being Bursary Are your deposits protected?Learn how deposit insurance works Unfamiliar terminology?Read our glossary About CDIC Questions?Get answers with our FAQs About CDICLearn all about CDIC and how we operate Contact us Questions?Get answers with our FAQs Bank failure How often do failures happen?See the history of failures Want to know more?Read our FAQs What happens in a failure Resolution of large banks Resolution of small and medium-size banks How often do failures happen?See the history of failures Want to know more?Read our FAQs News and events News about usBrowse all CDIC News Articles libraryRead our articles News at a glance Speeches Events Scams and fraud News about usBrowse all CDIC News Articles libraryRead our articles Financial professionals Member institutions Brokers Trustees Payment service providers Training and learning CDIC’s funding framework Calculator List of institutions Contact FR Accessibility We use cookies to help continue to keep improving this website. Accept and continue Protecting your deposits. ▷ Watch the video to learn more Close Understand your coverage with our calculator. Find out if your financial institution is a member. Learn how deposit insurance works and whats covered. About the Canada Deposit Insurance Corporation CDIC was established by the Government of Canada to protect deposits in case of bank failure. Coverage is free and automatic when you bank with a member institution. Learn more about CDIC At a glance CDIC news CDIC coverage for depositors of Prospera and Sunshine Coast Credit Unions May 6, 2026 CDIC news CDIC welcomes Tru Cooperative Bank April 1, 2026 CDIC news CDIC coverage for depositors of ABCU Credit Union April 1, 2026 What happens in a failure? Canada’s financial system is strong and stable. Canadian financial institutions must meet robust prudential standards to maintain their safety and soundness but like all businesses they can fail at some point. If a bank does fail, CDIC has tools to resolve them while protecting depositors and contributing to the stability of the financial system. How we protect depositors Doing business with CDIC CDIC enters into supply agreements every year with a wide range of suppliers – both small and large. CDIC’s procurement and contracting activities ensure that its operational requirements are always met and that transparency, openness, fairness, and value for money are promoted. Work with us Home Tools Calculator List of institutions FAQs Glossary Corporation About CDIC Contact us Careers Working with CDIC Sitemap Legal Accessibility Scams and fraud Terms of use Privacy Facebook LinkedIn X (Twitter) Instagram YouTube Pinterest Bluesky Threads Accessibility Close