Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures Canadians’ savings in case their bank or other CDIC member institution fails or goes bankrupt. CDIC is NOT a bank. CDIC is NOT a private insurance company.

The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada's monetary policy, bank notes, financial system and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."

The Department of Finance Canada is the federal department primarily responsible for providing the Government of Canada with analysis and advice on the broad economic and financial affairs of Canada.
Its responsibilities include:

• Preparing the federal budget.
• Preparing tax and tariff legislation.
• Managing federal borrowing on financial markets.
• Administering major federal transfers to the provinces and territories.
• Developing regulatory policy for the financial sector.
• Representing Canada within international financial institutions.

What protects you if your investment dealer becomes bankrupt? That’s why the Canadian Investor Protection Fund (CIPF) exists. CIPF ensures, within defined limits, that your cash and securities are protected if you are an eligible customer of an investment dealer that is a Member of one of our sponsoring organizations.
Investment Dealers Association of Canada
Bourse de Montréal Inc.
TSX Group of Companies
Investment dealer bankruptcy doesn’t happen very often. That’s because each of our Sponsors, the Securities Commissions, and CIPF require that our Members comply with regulatory procedures. But if bankruptcy does occur, CIPF is here to protect you.

The Canadian Life and Health Insurance OmbudService (CLHIO) is an independent service that assists consumers with concerns and complaints about life and health insurance products and services.

The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry.
It was established in June 1998 at the initiative of the Canadian Securities Administrators. The MFDA regulates the operations, standards of practice and business conduct of its Members and their representatives with a mandate to enhance investor protection and strengthen public confidence in the Canadian mutual fund industry.

 

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