May 3 to 9, 20105th international week of deposit insurance - Deposit insurance: Contributing to financial stability

Organization Deposit Insurance

Montréal – The Autorité des marchés financiers (AMF), a founding member of the International Association of Deposit Insurers (IADI), wishes to highlight the 5th International Week of Deposit Insurance.

IADI This link will open in a new window was formed in May 2002, and is headquartered at the Bank for International Settlements in Basel, Switzerland. IADI’s mission is to promote international co-operation and encourage the sharing of expertise in the area of deposit insurance.

As an active member of IADI, the AMF participates in numerous committees addressing topical financial and economic issues to ensure that Québec’s deposit insurance system benefits from best international practices.

Québec deposit insurance system

In Québec, the AMF guarantees deposits against the bankruptcy of a registered institution Under the Deposit Insurance Act  up to $100,000 per person, per registered institution. Guaranteed deposits are primarily deposits held in chequing or savings accounts, and deposits with a term of five years or less.

Certain other deposits, such as those held in RRSPs, TFSAs and RRIFs, as well as joint deposits and trust deposits, are protected by separate guarantees.

The AMF does not guarantee the following financial products:

  • Shares, mortgage-backed securities, bonds and debentures;
  • Treasury bills;
  • Mutual funds;
  • Capital stock (qualifying shares and permanent shares of financial services cooperatives);
  • Life insurance policies and segregated funds.

For more information

Visit the consumer section of the AMF website for more information about deposit insurance or to consult useful publications such as Your deposits are protected. That's a guarantee! (pdf - 208 KB)This link will open in a new windowUpdated on April 28, 2023In Québec, the money you deposit in an authorized deposit institution will be repaid to you by the Autorité des marchés financiers (AMF) if the institution goes bankrupt. This deposit protection is automatic and doesn’t cost you anything.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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