Registered Savings Plans


DICO automatically insures all eligible Canadian deposits in each registered savings plan. Registered savings plans include registered retirement savings plans (RRSP), registered retirement income funds (RRIF), registered education savings plans (RESP), registered disability savings plans (RDSP), Life Income Fund (LIF), Locked-in Retirement Account (LIRA), Locked-in Retirement Income Fund (LRIF) and Tax Free Savings Accounts (TFSA).

What's covered?

Deposits held in registered savings plans or contracts that are eligible include savings accounts and term deposits or GICs. To be insured, deposits must be held in Canadian dollars at a DICO insured institution.

How much is covered?

Deposits held in registered plans or contracts are separately insured from other deposits.

DICO insures all eligible deposits held in each registered savings plan or contract at a DICO insured institution. The combined money you have in eligible registered savings plans or contracts is automatically covered in full.