QC - Adopting Effective Banking Practices

QC - Adopting Effective Banking Practices
Preview Tool (PDF)

Québec edition

Banking in Canada

Banks, credit unions, trust companies, or caisses populaires are safe places to keep your money.

 

Deposit Insurance

  • Deposits of up to $100,000 in most banks and trust companies are insured by the Canadian government.
  • Deposits of up to $100,000 in most caisses populaires are insured by provincial governments.
  • Deposit insurance is only available in Canada for Canadian funds held by Canadian banks.
  • The bank must tell you if it is not covered by government deposit insurance. 
  • You should always inquire if the investment product that you are buying is covered by deposit insurance.
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National Initiative for the Care of the Elderly (NICE)
246 Bloor Street West, Room 234
Toronto, Ontario M5S 1V4, Canada