The Canadian Investor Protection Fund (CIPF) is sponsored by the Canadian regulator (CIRO) to ensure client assets held by a Canadian investment dealer are protected if a member firm becomes insolvent. IB Canada is a member of the CIPF which offers insurance against member default for amounts up to CAD 1,000,000. Covered assets include cash, securities and commodities and will depend on the account type.
Account Types
Non-registered accounts (Cash, Margin) and TFSA
- 1,000,000 CAD for any combination of cash, securities and commodities under all non-RSP account types.
- For assets held in a joint account or under a corporation, the percentage interest is added towards the same total.
Registered account (RSP)
- RSP accounts are treated as "Separate Account", it is eligible for an additional 1,000,000 CAD coverage.
Please Note: IB Canada accounts receive CIPF protection in lieu of SIPC protection.
Additional Information
- Details can be found on www.cipf.ca.