Find out about what protection is available in Canada in a very unlikely scenario of a bank or financial institution collapsing.
- CDID (Canada Deposit Insurance Corporation) covers cash and GICs
- CIPF (Canadian Investor Protection Fund) covers various investment and securities
Links are below:
If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area or booking a discovery call with us to get your plan on track. You can email msvoboda@harbourfrontwealth.com or call (236) 521-5708 (Vancouver, BC) and we will schedule a discovery call / meeting with you.
*Any view or opinion expressed in this article are solely those of the Representative and do not necessarily represent those of Harbourfront Wealth Management Inc. The information contained herein was obtained from sources believed to be reliable, however accuracy is not guaranteed. The information transmitted is intended to provide general guidance on matters of interest for the personal use of the viewer, who accepts full responsibility for its use, and is not to be considered a definitive analysis of the law or factual situations of any individual or entity. Any asset classes featured in this article are for illustration purposes only and should not be viewed as a solicitation to buy or sell. Past performance does not necessarily predict future performance, and each asset class has its own risks. As such, this content should not be used as a substitute for consultation with a professional tax or legal expert, or professional advisors. Prior to making any decision or taking any action, you should consult with a licensed professional advisor.
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