CIPF coverage is custodial in nature. CIPF does not provide protection against any other type of risk or loss. If you have an account with a member firm, and that firm becomes insolvent, CIPF works to ensure that any property being held for you by the firm at that time is given back to you, within certain limits.

Does CIPF cover USD?

CIPF protection covers up to $1-million worth of RRSP accounts, plus $1-million worth of RESP accounts, plus $1-million worth of other accounts, per person per investment dealer.

What is the difference between CIPF and CDIC?

CDIC is funded by premiums paid by member institutions and do not receive public funds to operate. CIPF is the only compensation fund approved by the Canadian Securities Administrators for investment dealers regulated by the Investment Industry Regulatory Organization of Canada (IIROC).