In this section:
What's Covered, What's Not?
What's Covered?
DICO insures most deposits but not all.
Deposits must be in Canadian dollars and held at a DICO insured institution.
Deposit accounts and products insured by DICO:
- Savings accounts and chequing accounts
- Term deposits including index-linked term deposits and GICs
- Deposits held in one name
- Deposits held in joint names
- Deposits held in trust
- Money orders, certified cheques etc.
- Life Income Fund (LIF)
- Locked-in Retirement Account (LIRA)
- Locked-in Retirement Income Fund (LRIF)
- Registered savings plans
- Tax Free Savings Account (TFSA)
What's not covered?