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Do I have Canada Deposit Insurance Corporation (CDIC) insurance on the investments held within the TFSA?

April 26, 2017cdic corporation deposit held Insurance investments tfsa

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Do I have Canada Deposit Insurance Corporation (CDIC) insurance on the investments held within the TFSA?

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All eligible deposits (e.g. GICs, cash) held within a TFSA are insured by CDIC, and will be afforded coverage to a maximum of $100,000, separate from other deposits held by the same depositor at the same member institution. If the Dealer of your Scotia TFSA is The Bank of Nova Scotia, Canadian currency funds in the cash section of your account are insured by the Canada Deposit Insurance Corporation. If the Dealer of your Scotia TFSA is Scotia Securities Inc., Canadian currency funds in the cash section of your account are held in trust by Scotia Securities Inc. These funds are not eligible for deposit insurance offered through the Canada Deposit Insurance Corporation. For more information, please contact the CDIC, or pick up a CDIC brochure at your nearest Scotiabank branch.