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Learn more about deposit insurance

The AMF guarantees deposits with registered institutions in the event of the institution's insolvency. This deposit insurance provides a maximum guarantee of $100,000 per person, per registered institution.

Guaranteed deposits primarily comprise deposits in chequing or savings accounts, term deposits and GICs (guaranteed investment certificates). To be guaranteed, deposits must carry a term of five years or less (or be redeemable at the depositor's request five years after the deposit date), be held in Québec and be payable in Canadian currency.

The AMF provides this guarantee through a deposit insurance fund financed through the premiums paid by registered institutions.