![]() *** Technically, you could have a separate RRSP and RRIF with $100,000 each if you're under age 71 however, this would be likely be inadvisable as the RRSP would need to be converted to a RRIF by Dec. It seems to be separate insurance limits like RRSPs or RRIFs, which would be positive and make sense. ** This is something I learned as, when TFSAs were first introduced, my understanding was that CDIC included them as part one's non-registered deposits in one's own name. * This can be further increased by having a separate, joint savings/GIC with your son or your daughter or your second cousin once removed or by having three parties on the depositor as each one of those becomes a new "depositor" in CDIC's view. (e) $5000 held in a mortgage property tax account for a mortgage you hold with your spouse at a CDIC member financial institution (d) $100,000 in an RRSP or RRIF (depending on age) savings/GIC in one's own name*** ![]() (c) $100,000 in a TFSA savings/GIC in one's own name** (b) $100,000 in a non-registered savings/GIC joint with a spouse* (a) $100,000 in non-registered savings/GIC in one's own name That said, remember that you can effectively have more than $100,000 with a single institution through a myriad of ways: Best not speculate on this extremely unlikely scenario in an attempt to "stir the pot," so to speak. And, in terms of any of the "Big 5" failing, if that ever happened (it won't), we'd be in dire economic trouble like something we've never seen. In terms of institution failure, I don't think the regulators would allow Tangerine to fail without Scotiabank absorbing those deposits in full of its subsidiary. Tangerine Bank is owned by Scotiabank Group but, keep in mind, its CDIC insurance is not part of Scotiabank's - they pay separate premiums. Personally, I don't concern myself with CDIC limits (other than, perhaps, with small-ish institutions like Peoples Trust Company in case I'd stay within my limits). I think Tangerine is TOO big to fail, and the government will and should bail them out in case of any trouble. What are the chances of them going under in a safe country and safe sound banking country like Canada. With Scotia Bank owning them and I think Tangerine has something like $ 40 + Billion in assets and 2 Million customers. ![]() What are the chances of anything happening to Tangerine ? Rfdm4g4g9 wrote: ↑I have way more than the CDIC limit in Tangerine.
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