Canadian Investor Protection Fund
What is it?
The Canadian Investor Protection Fund was created by the investment industry to ensure that client assets are protected – within defined limits – if a Canadian Investor Protection Fund Member becomes bankrupt. Coverage is automatic when you open an account with a Member of the Canadian Investor Protection Fund.
Is there a limit to coverage?
Yes. Most investors will have two accounts, a general account and a retirement account, that are each eligible for $1,000,000 coverage. Detailed information is available at www.cipf.ca