Investors


Investor Protection Funds


The OSC oversees investor protection funds, which may provide compensation to clients if certain investment firms become bankrupt.

Investor protection funds do not cover losses from other causes, such as changing market values of securities, unsuitable investments or the default of an issuer of securities.

The OSC has approved the following two compensation funds:

Canadian Investor Protection Fund (CIPF)

If the firm you deal with is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and becomes insolvent, your account may be covered by CIPF.

CIPF will generally cover up to $1,000,000 for the combined losses in a customer’s accounts. Claims must be filed within 180 days of the firm’s insolvency. For full details, visit the CIPF website.

MFDA Investor Protection Corporation (MFDA IPC)

If the firm you deal with is a member of the Mutual Fund Dealers Association of Canada (MFDA) and becomes insolvent, your account will be covered by the MFDA IPC.

The MFDA IPC will generally cover up to $1,000,000 of the combined losses in a customer’s accounts. Claims must be filed within 180 days of the firm’s insolvency. For full details, visit the MFDA website.