Canada Investor Protection Fund (CIPF)

The Canadian Investor Protection Fund (CIPF) is a not-for-profit corporation which was created in 1969 to protect and insure investor’s assets in the event of a CIPF becoming bankrupt.  The Canadian Investor Protection Fund is funded by its own member and is regulated by IIROC (Investment Industry Regulatory Organization of Canada). 

When an investor opens an investment account with a CIPF member firm they automatically receive coverage by the CIPF.  Investor’s coverage is limited to $1,000,000 Canadian dollars and there are certain conditions and restrictions in place.  If a CIPF member firm does go bankrupt, the Canadian Investment Protection Fund will help move the investor’s account(s), to another investment dealer, assuming it is within the limits of CIPF coverage. 

It is important to note that the Canadian Investor Protection Fund covers losses that arise only as a result of a CPIF member going bankrupt. Losses that are a result of changing market values of investments such as mutual funds, segregated funds, stocks and other types of investments are not covered by the Canadian Investor Protection Fund.

For more information on whether and how your investments at an IIROC member are covered, visit the CIPF website ( Ensure that you read their information carefully to understand what is covered by insurance and what is not.

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