FRANÇAIS
Canadian Financial Services Consumer Protection
Canadian financial services consumers can feel secure in knowing that Canada has a strong well-regulated financial services sector, and that in the unlikely event that a Canadian financial institution fails, consumers are protected by a variety of compensation plans.
This resource guides consumers in understanding how compensation plans safeguard the financial well-being of Canadians. The collective strength of the protections offered to Canadian financial services consumers provides all Canadians with added confidence and peace of mind when planning a future for themselves and their loved ones.
Collective Strength
Protecting the financial well-being of Canadian financial services consumers.
financeprotection.ca
Below is an at-a-glance view of all compensation plans and organizations as well as how to find more information about how you are protected.
Assuris' role is to protect Canadian policyholders in the unlikely event that a life insurance
company fails. Established in 1990, we are an independent not-for-profit compensation
organization, backed by the financial strength of the entire Canadian life insurance industry.
Every life insurance company authorized to sell insurance policies in Canada is required, by
the federal, provincial, and territorial regulators, to become a member of Assuris. Assuris is
designated by the federal Minister of Finance under the Insurance Companies Act of Canada
and specified in the Quebec Règlement d'application de la Loi sur les assurances.
If you have life insurance from a member company, you already have Assuris protection!
If you have life insurance from a member company, you already have Assuris protection!
Additional Information
The Autorité des marchés financiers (AMF) is the body mandated by the Québec
government to regulate Québec's financial sector and assist consumers of financial
products and services. The AMF is unique in that it oversees, in an integrated manner, the
areas of insurance, securities, derivatives, deposit institutions—other than banks—and the
distribution of financial products and services.
In Québec, the deposits made with various financial institutions are protected by the AMF, which means you won't lose your money if your financial institution ever goes bankrupt.
The AMF will repay eligible deposits made with Québec authorized deposit institutions. Your deposits are protected up to a maximum of $100,000 per category of deposit, per institution, including principal and accrued interest.
By protecting your deposits, the AMF helps to ensure the stability of Québec's financial markets.
In Québec, the deposits made with various financial institutions are protected by the AMF, which means you won't lose your money if your financial institution ever goes bankrupt.
The AMF will repay eligible deposits made with Québec authorized deposit institutions. Your deposits are protected up to a maximum of $100,000 per category of deposit, per institution, including principal and accrued interest.
By protecting your deposits, the AMF helps to ensure the stability of Québec's financial markets.
Additional Information
The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation
established in 1967 to protect the savings of Canadians and contribute to financial stability.
We currently safeguard more than $1 trillion in eligible deposits at more than 80 member
institutions. As resolution authority, CDIC is responsible for handling the failure of any of
our members, from the smallest to the largest. Our members include banks, federally
regulated credit unions as well as loan and trust companies. CDIC is funded by premiums
paid by member institutions. CDIC has resolved 43 member failures affecting some two
million Canadians.
No one has lost a dollar of deposits under CDIC protection.
No one has lost a dollar of deposits under CDIC protection.
Additional Information
The Canadian Investor Protection Fund (CIPF) is approved by the Canadian Securities
Administrators as the compensation fund for investment dealers regulated by the Investment
Industry Regulatory Organization of Canada (IIROC). CIPF is funded by IIROC-regulated
investment dealers, and all IIROC investment dealers are automatically CIPF member firms.
CIPF provides protection to eligible clients of member firms if client property held by such member firms is missing as a result of the insolvency of the member firm. Client property may include securities, cash, and other property. Since CIPF was established in 1969, all eligible customers with missing property have had their property returned to them by CIPF within the limits defined in the CIPF Coverage Policy.
CIPF provides protection to eligible clients of member firms if client property held by such member firms is missing as a result of the insolvency of the member firm. Client property may include securities, cash, and other property. Since CIPF was established in 1969, all eligible customers with missing property have had their property returned to them by CIPF within the limits defined in the CIPF Coverage Policy.
Additional Information
The Credit Union Prudential Supervisors Association (CUPSA) is an interprovincial
association composed of credit union deposit insurers and prudential supervisors
across Canada.
CUPSA exists to promote effective regulation and supervision of Canadian credit unions and caisses populaires.
CUPSA exists to promote effective regulation and supervision of Canadian credit unions and caisses populaires.
Additional Information
www.cupsa-aspc.ca
Please select the jurisdiction where your credit union is registered.
The Property and Casualty Insurance Compensation Corporation (PACICC) was established
with the approval of provincial regulators in 1989 to protect policyholders and claimants in
the event that their property and casualty (P&C) insurance company fails. The Corporation is
an industry-funded, not-for-profit organization.
PACICC has a three-part Mission - Protect consumers from financial loss in the unlikely event that their insurer fails, minimize the cost of resolution for Member Insurers, and maintain consumer confidence in Canada's P&C insurance industry.
You don't need to apply for PACICC protection. It is extended automatically to all eligible P&C insurance policies.
PACICC has a three-part Mission - Protect consumers from financial loss in the unlikely event that their insurer fails, minimize the cost of resolution for Member Insurers, and maintain consumer confidence in Canada's P&C insurance industry.
You don't need to apply for PACICC protection. It is extended automatically to all eligible P&C insurance policies.