Canada Deposit Insurance Corporation (CDIC)

 

CDIC

CDIC

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. HSBC Bank Canada, HSBC Trust Company (Canada) and HSBC Mortgage Corporation (Canada) are each a CDIC member institution. CDIC insures eligible deposits made with member institutions subject always to maximum coverage limitations as outlined in CDIC’s brochure, “Protecting Your Deposit”. Eligible deposits must be in Canadian funds, payable in Canada and have a term of no more than 5 years.

For further information, please contact CDIC at 1-800-461-CDIC (2342) or visit their website at cdic.ca