Canada Deposit Insurance Corporation

Name

Canada Deposit Insurance Corporation

Legal name

Canada Deposit Insurance Corporation

Website

https://cdic.ca

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Member Institution Premiums: CDIC is entirely funded through premiums paid by member institutions; does not receive public funds to operate. Premiums are risk-based under the Differential Premium Systems (DPS) framework.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

CDIC is a federal Crown corporation established by Parliament in 1967 under the Canada Deposit Insurance Corporation Act. It provides free and automatic deposit insurance protection for eligible deposits held at Canadian member financial institutions, covering up to $100,000 per insured category per member institution. CDIC also acts as the federal resolution authority for failing member institutions, deploying a proprietary resolution planning framework, crisis response framework, and Differential Premium Systems (DPS) pricing methodology to safeguard depositors and maintain the stability of the Canadian financial system.

Product overview

CDIC is a federal Crown corporation (established 1967) that operates a unified deposit insurance platform anchored on a single core product — CDIC Deposit Insurance Coverage — that protects eligible deposits at its 80-plus member institutions (banks, federally regulated credit unions, loan and trust companies) up to $100,000 per insured category, per member. Around this core product, CDIC offers a suite of depositor-facing tools and educational resources including the Deposit Insurance Calculator, Glossary, FAQs, Financial Literacy Hub, Videos & Resources, and the List of Member Institutions; a Member Toolkit (training game) for member institutions, brokers, trustees, and PSPs; the Professional Trustee Data Requirements (PTDR) data submission specification for trustee compliance; an Interactive Decision Tree that classifies trustees as Professional or non-Professional; co-branded social media and marketing assets for member institutions; and RSS feeds for content syndication. CDIC also acts as the resolution authority for its members, supported by member risk monitoring, a Member Risk Monitoring framework, and the Financial Safety Net coordination with federal partners (Bank of Canada, OSFI, Department of Finance Canada, and FCAC). Awareness of CDIC is reinforced through a dedicated Marketing and Advertising / Public Awareness Program.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 43 member failures resolved affecting 2 million+ depositors with zero losses of insured deposits
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Federal Deposit Insurance Corporation (FDIC): The U.S. federal deposit insurer, established by Congress in 1933, covering U.S. banks and thrifts. Most directly comparable to CDIC in mandate, premium-funded model, resolution authority role, and statutory monopoly within its federal jurisdiction.
• National Credit Union Administration (NCUA): U.S. federal regulator and deposit insurer for federal and most state-chartered credit unions through the National Credit Union Share Insurance Fund (NCUSIF). Comparable to CDIC's coverage of federally regulated credit unions and trust/loan companies in Canada.

Regional players

• Saskatchewan Credit Union Deposit Guarantee Corporation: Saskatchewan's provincial deposit guarantor providing full coverage to Saskatchewan credit unions. Comparable to CDIC's premium-funded model but provincial in scope.
• Deposit Insurance Corporation of Ontario (DICO): Provincial deposit insurer for Ontario credit unions, operating alongside CDIC within the Canadian deposit safety net. Comparable mandate to CDIC's but geographically limited to Ontario and not federally chartered, providing a direct parallel to CDIC's relationship with provincial insurers.
• Alberta Credit Union Deposit Guarantee Corporation: Alberta's provincial deposit guarantor. Like CDIC, fully guarantees deposits at member credit unions but is jurisdictionally limited to Alberta institutions.
• Credit Union Deposit Insurance Corporation of British Columbia (CUDIC): British Columbia's provincial deposit guarantor for credit unions. Comparable to CDIC in function but restricted to BC, illustrating the provincial-federal split in Canadian deposit protection.

Others

• Canadian Investor Protection Fund (CIPF): Canadian not-for-profit that provides limited coverage for non-deposit investment products at CIPF member firms. Adjacent to CDIC within the Canadian financial safety net but covers investment (not deposit) products; referenced in CDIC's own value proposition as a separate and complementary safety-net institution.
• International Association of Deposit Insurers (IADI): International standard-setting body for deposit insurance systems, of which CDIC is an active member and contributor. Provides the framework and peer community that shapes CDIC's policy approach, making it thematically comparable though not a competing entity.
• Office of the Superintendent of Financial Institutions (OSFI): Canadian federal prudential regulator for banks, insurers, and federally regulated financial institutions. A direct counterpart within Canada's financial safety net alongside CDIC, providing prudential supervision while CDIC handles deposit insurance and resolution.

Emerging players

• Financial Services Compensation Scheme (UK FSCS): The United Kingdom's statutory deposit protection scheme protecting depositors up to £85,000 per eligible person per institution. Closest international analogue to CDIC outside North America, with a similar premium-funded, statutory-mandate operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CDIC_CA
• YouTubeyoutube.com/user/cdicchannel
• Facebookfacebook.com/CDICSADC
• LinkedInlinkedin.com/company/canada-deposit-insurance-corporation
• Instagraminstagram.com/CDICSADC
• Pinterestpinterest.ca/SADCCDIC

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canada Deposit Insurance Corporation