Canada Deposit Insurance Corporation (CDIC)

The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament in 1967 to protect your deposits made with member financial institutions in case of their failure. CDIC is NOT a bank. CDIC is NOT a private insurance company.

Scotiabank is the well-known trade name of The Bank of Nova Scotia. The following Scotiabank group of members are CDIC member institutions

  • The Bank of Nova Scotia
  • Scotia Mortgage Corporation
  • Montreal Trust Company of Canada
  • National Trust Company

At a Glance


For full details of current coverage limitations, refer to the CDIC brochure Protecting Your Deposits (38 kb), or ask for a copy at your Scotiabank branch.

Eligible Deposits

The Scotiabank group's Deposit Product List displays instruments and/or products of these Scotiabank Group members that are eligible for deposit insurance through the CDIC (up to the maximum protection limit).

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Scotia Mutual Funds offered by Scotia Securities Inc., a corporate entity separate from although wholly owned by The Bank of Nova Scotia, are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer.