Canadian Investor Protection Fund: Who Qualifies and What You Get
Learn how the Canadian Investor Protection Fund protects your assets if your investment dealer becomes insolvent.
The Canadian Investor Protection Fund provides a layer of security for your assets if the investment firm you use becomes insolvent.
Who it's for
This protection is available to clients who hold accounts with investment dealers that are members of the CIPF.
What you get
If your investment dealer fails, you are covered for losses up to $1 million for each type of account you hold.
What it costs you
There is no cost to you for this protection. The coverage is applied automatically to your accounts, so you do not need to submit an application.
The catch to know
This fund is designed to protect you if a firm fails; it does not cover any losses caused by fluctuations in market performance or bad investment decisions.
How to apply
- Confirm that your investment dealer is a member of the CIPF.
- Monitor your account statements for any signs of firm insolvency.
- If a firm fails, follow the instructions provided by the regulatory authorities.
- Visit the official portal for more information: https://www.cipf.ca/