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
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).
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.