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Deposits Held in RRIFs
Eligible deposits held in your Registered Retirement Income Funds (RRIFs) with a CDIC member institution are insured separately from your non-registered deposits with the same member.
Your eligible RRIF deposits are also insured separately from eligible deposits you may hold in a RRSP with the same member. The maximum protection for your eligible RRIF deposits at each CDIC member is $100,000, including principal and interest.
If your self-directed RRIF includes eligible deposits with CDIC members, deposit insurance applies in the same way as it applies to deposits within a self-directed RRSP.
CDIC does not distinguish between self-directed plans and other registered plans. Therefore, the maximum deposit insurance for all eligible deposits held in RRIFs with the same member institution, including those held in a self-directed plan, is $100,000 (principal and interest combined).
The trustee of your self-directed RRIF is not required to be a CDIC member for deposit insurance to apply to your deposits as long as the deposits are placed at CDIC members.
Your eligible RRIF deposits are also insured separately from eligible deposits you may hold in a RRSP with the same member. The maximum protection for your eligible RRIF deposits at each CDIC member is $100,000, including principal and interest.
If your self-directed RRIF includes eligible deposits with CDIC members, deposit insurance applies in the same way as it applies to deposits within a self-directed RRSP.
CDIC does not distinguish between self-directed plans and other registered plans. Therefore, the maximum deposit insurance for all eligible deposits held in RRIFs with the same member institution, including those held in a self-directed plan, is $100,000 (principal and interest combined).
The trustee of your self-directed RRIF is not required to be a CDIC member for deposit insurance to apply to your deposits as long as the deposits are placed at CDIC members.
Registered Retirement Income Funds: Example 1
You have made the following deposits in your name at a CDIC member institution:
| Your non-registered deposits | |
| Savings account | $15,000 |
| Chequing account | $10,000 |
| One-year term deposits (value at maturity) | $70,000 |
| Total, including interest earned | $95,000 |
| Your RRIF deposits | |
| Savings account | $8,000 |
| Sixty-day term deposits (value at maturity) | $20,000 |
| One-year term deposits (value at maturity) | $50,000 |
| Total, including interest earned | $78,000 |
Your non-registered deposits and your RRIF deposits are fully insurable by CDIC, since neither exceed the $100,000 maximum.
Last modified : 7 July 2005
