If BMO failed, CDIC would reimburse eligible deposits up to the coverage limit for each beneficiary. Foreign currency deposits are also eligible. Reimbursement amounts are determined under CDIC’s framework and limits*, using our beneficiary records on file with the member institution.
*CDIC protects eligible deposits up to CA$100,000 per deposit category per CDIC member institution, per beneficiary, provided CDIC’s disclosure requirements are met.