Does that mean that two people can be insured at the same bank for more than $100,000?
Yes. If two people each have a single account, they’ll each be individually covered for up to $100,000. Then, if they have a joint account together, they’ll collectively be covered for up to another $100,000. Jane’s Investment Savings Account and GIC are covered with CDIC for up to $100,000 under the individual coverage, and both her RSP Investment Savings Account and Tax-Free Investment Savings Account are each covered up to $100,000 each.
Related Questions
- Does that mean that people and businesses must go the bank and exchange their money before buying a foreign product through the mail or online?
- Does that mean that two people can be insured at the same bank for more than $100,000?
- Does that mean that two people can be insured at the same bank up to $1,000,000?
