Deposit Insurance

Financial Services Regulatory Authority of Ontario - Link to Brochure

Deposits are insured up to a maximum of $250,000 in the following non-registered accounts:

  • Chequing & Savings Accounts
  • Guaranteed Investment Certificates (GIC) and other term deposits regardless of term of investment
  • Money Orders
  • Funds in Transit
  • Index-linked Term Deposits (principal portion only)
  • Trust Accounts
  • Joint Accounts
  • Business Accounts (e.g. Corporations, Partnerships)

Deposits have unlimited coverage when held in the following registered accounts:

  • Locked-in retirement account (LIRA)
  • Life Income Fund (LIF)
  • Registered retirement savings plan (RRSP)
  • Registered retirement income fund (RRIF)
  • Registered disability savings plan (RDSP)
  • Registered education savings plan (RESP)
  • Tax-free savings account (TFSA)

The following are not insured through FSRA:

  • Mutual Funds
  • Stocks
  • Shares
  • Mortgages
  • Membership Shares
  • Patronage, investment or preferred shares issued by the credit union
  • Foreign Currency Deposits
  • Contents of Safety Deposit Boxes
  • Securities held for safekeeping
  • Bonds & Debentures Issued by Governments and Corporations
  • Treasury Bills

To learn more and to download the Deposit Insurance Reserve Fund brochure visit