TFSAs and CDIC Coverage

If your qualifying investment, such as a GIC, is held in a TFSA with a CDIC member institution, the deposit is eligible for Canadian Deposit Insurance Corporation protection.

Mutual funds do not qualify for CDIC insurance inside (or outside) of the Tax-Free Savings Account. Deposits in a TFSA are added to all your deposits within the same CDIC member institution for the $100,000 basic coverage.