Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures Canadians' savings in case their bank or other CDIC member institution fails or goes bankrupt. CDIC is NOT a bank. CDIC is NOT a private insurance company.
Advisor's Advantage Trust branded deposit instruments are issued by either BMO Trust Company or Bank of Montreal; both are members of CDIC.
The following instruments and/or products are deposits eligible for deposit insurance from the Canada Deposit Insurance Corporation, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits" and provided they:
- Are in Canadian funds;
- Are payable in Canada; and
- Have a term of no more than 5 years.
Note: italicized deposits instruments/products are no longer offered for sale
Eligible BMO Trust Company deposit instruments and/or products:
- Outstanding cash balances of:
- Investment Administration Accounts
- Investment Management Accounts
- Trust Administration Accounts
- Estate Administration Accounts
- Drafts
- Certified Drafts
- Outstanding Payment Items (not available directly to depositors)
- Unclaimed drafts
- Items in transit
Advisor’s Advantage Trust (AAT) instruments and/or products issued by BMO Trust Company:
- Guaranteed Investment Certificate (GIC)
- Cashable GIC
- Short Term GIC
- Escalating Rate GIC (redeemable each anniversary)
- Escalating Rate GIC (non-redeemable)
- Laddered GIC
- Guaranteed Investment Certificate (GIC-RSP)
- Cashable GIC (RSP)
- Short Term GIC (RSP)
- Escalating Rate GIC (RSP) – (redeemable each anniversary)
- Escalating Rate GIC (RSP) – (non-redeemable)
- Laddered GIC (RSP)
- Savings Account (RSP)
The following products are no longer offered for sale:
- S&P/TSX 60®* Index Linked GIC
- S&P 500®* Index Linked GIC
- G7 Index Linked GIC
- S&P/TSX 60®* Index Linked GIC (RSP)
- S&P 500®* Index Linked GIC (RSP)
- G7 Index Linked GIC (RSP)
Eligible Bank of Montreal deposit instruments and/or products:
Advisor's Advantage Trust (AAT) investments issued by Bank of Montreal.
- AAT Return Generating GIC
For further information, please contact CDIC at 1-800-461-CDIC (2342)
®* S&P/TSX 60 and S&P 500 are trademarks of the McGraw-Hill Companies Inc. "TSX" is a trademark of the Toronto Stock Exchange. These marks are licensed for use by BMO Trust Company. Index Linked GICs are not sponsored, endorsed, sold or promoted by Standard & Poor's or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in Index Linked GICs.
