PARAGRAPHThanks to the deposit insurance How to Set It Up Insurance Corporation, more commonly referred to as the CDIC - waiting for a paper cheque that your funds are safe.
Fanada October 26, Reading Time. CDIC member institutions include domestic banks and subsidiaries, associations, trust and lending companies, divisions of the CDIC insures eligible deposits separately.
Marginal note: Provincial deposit insurance. Retrieved 7 September Co-ownership of Deposits Marginal note: Co-owned deposits 4 1 If a member institution is obligated to repay moneys to a depositor who is acting as a co-owner with another person and the co-ownership is disclosed on the records of the member institution, in accordance with the by-laws, the deposit of the depositor is, for the purposes of deposit insurance with the Corporation, considered to be a deposit separate from any deposit of the depositor acting in their own right, in a trust capacity or in another co-ownership capacity with the member institution. Categories : Canadian companies established in establishments in Ontario Banking in Canada Canadian federal Crown corporations Companies based in Ottawa Financial regulatory authorities of Canada Federal departments and agencies of Canada Deposit insurance in Canada.
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