The Canada Deposit Insurance Corporation (CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions.

[2] The roots of the CDIC can be traced back to the 19th century, such as the Upper Canada's financial problems of 1866, the North American panic of 1873 and the 1923 failure of Toronto's Home Bank, symbolized today by Casa Loma.

Historically in Canada regional risk has always been spread nationally within each large bank, unlike the uneven geography of US unit banking, layered with savings & loans of regional or national size, who in turn disperse their risk through investors.

Alongside Canada's mortgage rules, the risk of bank failures similar to the US are slim, but not impossible.

As of 30 April 2022, separate coverage was added for Registered Education Savings Plans (RESPs) and Registered Disability Savings Plans (RDSPs), but deposits in mortgage tax accounts will no longer be considered a separate category.

CDIC's ex ante funding level is $4.2 billion, representing 55 basis points of insured deposits.