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Local Enough?

Practice

Learn at your own pace, with an explanation after every answer. No score, no leaderboard – and not preparation for a citizenship test: just to know the country and your neighbours a little better.

Everyday life

Up to what amount per category is your money normally protected at a CDIC member bank if the bank fails?

  • ✓ $100,000
  • B $10,000
  • ✕ $50,000 Your answer
  • D $1,000,000

Not quite.

The Canada Deposit Insurance Corporation (CDIC) protects eligible deposits up to $100,000 per insured category at each member institution. Categories include savings, joint accounts, and registered plans.

Source: Canada Deposit Insurance Corporation (cdic.ca)

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