Two failures. (1) Renata has a general account at a CIRO member dealer that becomes insolvent; 1,200,000 of her property is missing. CIPF’s general-account limit is 1,000,000. (2) Tomas has 150,000 in a savings account and an 80,000 GIC, both in his own name at a CDIC member bank that fails. CDIC’s limit is $100,000 per depositor per category. Fill the four cells in dollars.

Answer

CIPF covered → 1000000 · CIPF uncovered → 200000 · CDIC covered → 100000 · CDIC uncovered → 130000

Cells - CIPF covered · ±0 · unit $ - CIPF uncovered · ±0 · unit $ - CDIC covered · ±0 · unit $ - CDIC uncovered · ±0 · unit $ CIPF: `=MIN(1200000,1000000)` = 1,000,000 covered; 1,200,000 − 1,000,000 = 200,000 uncovered. CDIC: the savings account and the GIC are one category (deposits in one name), so the shortfall is 230,000: `=MIN(230000,100000)` = 100,000 covered; 130,000 uncovered. Excel: `=MIN(shortfall,limit)` and `=shortfall-covered`.

CIPF, about CIPF coverage (cipf.ca); CDIC, how deposit insurance works (cdic.ca); Assuris (assuris.ca) — observed 2026-09-17