Deposit Insurance Review
Current Status: Open
Join In
The government has been undertaking a review of the federal deposit insurance framework, including a public consultation process. This work is being led by the Department of Finance Canada, in collaboration with the Canada Deposit Insurance Corporation and other financial sector agencies.
This consultation seeks views and feedback on what changes to the deposit insurance framework, if any, are necessary to best support the evolving needs of Canadians and uphold financial stability.
Specifically, the department is considering the following potential improvements and would like to hear your views:
- Increasing the deposit insurance limit to $150,000 per deposit category;
- Providing a deposit insurance limit of $500,000 per deposit category to non-retail depositors;
- Extending coverage for temporary high balances for depositors experiencing significant life events, for an enumerated list of life events; for a period of six months; and with a deposit insurance limit of $1 million;
- Streamlining the framework to four categories by merging the registered and tax-free categories and making coverage for the merged category unlimited; and
- Enhancing depositor understanding through improved disclosure to require that a CDIC member institution provide its customers with tailored information explaining the amount of insured deposits that are held at that member institution for that customer.
The department welcomes views with respect to these and other potential enhancements to the framework.
We also invite you to submit any additional comments or feedback relevant to the scope of this consultation. Send us your official documentation by email or by mail, by September 26, 2025.
Send us an email
DepositInsuranceReview-Examenducadredassurancedepots@fin.gc.ca with "Deposit Insurance Review" as the subject line.
Participate by mail
Rob Sample
Director General
Financial Stability and Capital Markets Division
Financial Sector Policy Branch
Department of Finance Canada
James Michael Flaherty Building
90 Elgin Street
Ottawa ON K1A 0G5
Who is the focus of this consultation?
Through this consultation, we want to hear from stakeholders, civil society groups and members of the public.
What's next?
Comments received from the consultation will be assessed along with advice from the financial sector agencies and used to inform policy recommendations to the Minister of Finance.
Information received through this consultation will not be publicly posted. However, information received is subject to the Access to Information Act and the Privacy Act. Should you indicate that your comments, or any portions thereof, should be considered confidential, the Department of Finance will make all reasonable efforts to protect this information.
Related links
- Deposit Insurance Review: Consultation Paper
- Chapter 8: Tax Fairness for Every Generation - Budget 2024 (see Deposit Insurance Review)
Get in touch
DepositInsuranceReview-Examenducadredassurancedepots@fin.gc.ca