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Understanding CDIC insurance rules for Canadian deposits
The article explains how CDIC coverage works for banks and other member institutions, detailing limits of 60000 per person per institution, the separate coverage for RRSP and RRIF up to 60000, and joint accounts. It notes term limits for GICs and potential coverage when pairing deposits across multiple institutions.
MENTIONED IN THIS ARTICLE
Canada Deposit Insurance Corporation
Quebec
Quebec Deposit Insurance Board
CDIC
Canada Deposit Insurance Corporation Act
Ottawa
Rrsps
Umpteen Trust
Mardon
Investors Group Inc