In Québec, your deposits are protected by the AMF. There are three main conditions.
The financial institution that accepts the deposit must be registered with the AMF.
Financial institutions, except banks, must register with the AMF in order to accept deposits in Québec. Banks are under federal jurisdiction and are therefore covered by the Canada Deposit Insurance Corporation This link will open in a new window.
To check if your financial institution is registered, refer to the Register – Deposit insurance
Maximum amount of $100,000
The protection applies to all guaranteed deposits belonging to the same person (natural or legal) in a given financial institution, including accrued interest.
Here are two examples:
- Jane makes a deposit of $125,000 at her financial institution. Only $100,000 is guaranteed (provided that the type of deposit is guaranteed, and that the financial institution is registered).
- Jonathan makes three deposits of $50,000 at three different financial institutions. Each deposit is guaranteed, for a total of $150,000 (provided that the type of deposit is guaranteed, and that the financial institution is registered).
Deposits must meet certain conditions
Visit the Guaranteed deposits page.
Available in French only