What is the Canadian Investor Protection Fund?

The Canadian Investor Protection Fund is a not-for-profit insurance program established by the provincial and territorial securities regulators across Canada. The Canadian Investor Protection Fu𝓰nd is desig🍷ned to protect investors from the bankruptcy of an individual investment firm.

Accounts are covered for up to $1 million in 澳洲幸运5官方开奖结果体彩网:shortfalls in an account with securities, commodity and futures contracts, segregated insurance funds or cash. A shortfall is the difference between the market value of the account and what the insolvent company can return to the customer. While investment firms rarely become insolvent, the CIPF exists to protect the investment accounts of customers.

Understanding the Canadian Investor 🎀Protecti🐠on Fund (CIPF)

The Canadian Investor Protection Fund only protects inve⭕stors from losses that result from the insolvency of an investment firm. It does not protect investors from

• Losses that occurred because an investor put money in a fund that was not appropriate for their risk profile
• Because the investor was defrauded or manipulated
• Poor information was given to a client
• Because a client was misled

There may be other recourse for investors who are victims of such behavior, but the Canadian Investor Protection Fund will not make such investors whole.

CIPF insurance is 澳洲幸运5官方开奖结果体彩网:purchased by member firms through the Canadian Investor Protection Fund. As long as you have an investment account with a member firm, you do not need to purchase additional insurance, and you benefit from the insurance at no charge. Even non-Canadian residents who have investment accounts with Canadian member firms can benefit from the insurance program.

The Canadian Investor Protection Fund is sometimes confused with the 澳洲幸运5官方开奖结果体彩网:Canadian ꦗDeposit Insurance Corp♉oration, a corporation established by the Canadian Federal government in 1967 to ensure consumer banking deposits. The Canadian Investor Protection Fund is more generous than Canadian deposit insurance. Whereas consumer savings deposits are insured up to $100,000 Canadian, an investor can receive upwards of $1 million Canadian in investor protection.

Accessing the Canadian Investor Protection Fund

Approximately 175 different financial services firms offer insurance from the Canadian Investor Protection Fund. If you wish to confirm that the securities firm you are transacting with is a member of the Canadian Investor Protection Fund, you should contact your investment advisor or representative, or you can call CIPF at (416) 866-8366 or toll free at 1 (866) 243-6981. If a member firm has become insolvent and you think you are owed insurance money, you should contact the bankruptcy trustee in charge of the p🌊articul༒ar case.