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​Financial Services Regulatory Authority of Ontario

What is FSRA?

The Financial Services Regulatory Authority of Ontario (FSRA) is an independent regulatory agency established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO).

Deposit insurance is an integral part of Ontario’s economic system, contributing to the overall financial stability of our province. FSRA deposit insurance protects your savings.

What’s covered?

Insurable deposits and account types up to $250,000 include:

  • Chequing accounts 
  • Savings accounts
  • Guaranteed Investment Certificates (GIC) and other term deposits (regardless of term of investment) 
  • Money orders 
  • Funds in transit 
  • Index-linked term deposits (principal portion only) 
  • Trust Accounts
  • Joint Accounts
  • Business Accounts (e.g. corporations, partnerships)

Insurable deposits in the following types of registered accounts have unlimited coverage:

  • Locked-in retirement account (LIRA) 
  • Life income fund (LIF) 
  • Registered retirement savings plan (RRSP) 
  • Registered retirement income fund (RRIF) 
  • Registered disability savings plan (RDSP) 
  • Registered education savings plan (RESP) 
  • Tax-free savings account (TFSA)


What’s not covered?

FSRA’s deposit insurance program does not cover:

  • Investments in mutual funds, stocks, shares, mortgages, subordinated debt, etc. 
  • Membership shares 
  • Patronage, investment or preferred shares issued by a credit union 
  • Foreign currency deposits 
  • Contents of safety deposit boxes 
  • Securities held for safekeeping 
  • Bonds and debentures issued by governments and corporations
  • Treasury bills


For further information on deposit insurance, visit FSRA’s website.