Budget 2026 proposes 1st deposit insurance limit increase in 2 decades
Global News · Rachel Morgan ·
The CDIC limit is moving from $100,000 to $250,000 under the federal budget, an increase many have urged for years to protect consumers.
The federal government is proposing to raise the deposit insurance limit under the Canada Deposit Insurance Corporation (CDIC) to $250,000, its first increase in more than 20 years.
The measure, proposed in the 2026 budget, would “modernise the deposit insurance framework,” the government said.
The CDIC limit is the amount of a consumer’s deposits that is protected in the event of a bank failure.
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