Summary of the Corporate Plan 2024-2025 to 2028-2029 - CDIC

Executive summary

As Canada’s federal deposit insurer and resolution authority, CDIC operates in a rapidly changing and complex environment.

Canada’s economy is facing global and domestic headwinds, such as tighter monetary policy, higher interest rates, geo-political tensions, and lower housing affordability. Canadian businesses continue to navigate an uncertain operating environment with elevated input and borrowing costs. People in Canada are feeling the impacts every day.

Overall, CDIC members are in stable financial condition.

Although the 2023 bank failures in the United States and Switzerland were contained to those countries, these events underscored the importance of continued vigilance in regulatory oversight and supervision. They also reaffirmed the value of resolution planning and testing so CDIC can respond quickly to a variety of crisis scenarios and possible shocks to financial system stability. Moreover, they highlighted the importance of promoting public awareness of deposit insurance, which protects depositors and contributes to financial stability.

Every year, new financial products, services, providers, and transaction channels are launched. This presents new savings opportunities, but also new risks to depositors regarding deposit protection and coverage. In response, CDIC continues to innovate to protect financial futures in Canada. For example, CDIC is continuing its payout modernization project which aims to reimburse depositors more conveniently, quickly, and securely in the event of a member failure.

CDIC is also adapting to an evolving workplace environment. All organizations are facing increasing technological and cultural hanges, with continued competition for talent. CDIC will continue to advance its workforce strategies to prioritize attracting and retaining top talent, with a focus on ensuring its employees are representative of Canada’s diverse population. The Corporation will continue refining its approach to hybrid work, adapting technology, operations, and skills training across the organization to continue meeting the demands of the future in service of its mandate.

CDIC will focus on three strategic objectives for the 2024/2025 to 2028/2029 planning period, anchored to the Corporation’s mandate as federal deposit insurer and resolution authority:

1 — Resolution Readiness

Resolution readiness involves having the necessary people, data, processes, tools, systems, and financial capacity to resolve a member failure, if necessary. CDIC’s role among Canada’s financial sector oversight agencies intensifies during times of economic hardship or uncertainty. CDIC protects depositors and contributes to financial stability by being resolution ready.

CDIC will continue to strengthen its capacity for the early identification and surveillance of risks. It will also identify and assess resolution tools, policies, and mechanisms to strengthen the current deposit insurance and resolution framework and improve resolution capacity and capabilities through training and testing.

In 2024/2025, CDIC will remain focused on its new deposit insurance and payout system, a major transformational initiative that began in 2021. The project aims to enable depositors to access their funds more rapidly and securely in the event of a member failure. It will also enable CDIC to support new digital channels for communicating securely with depositors, member institutions, and deposit brokers.

In 2024/2025, CDIC will also continue working on the tri-agency Data Collection Modernization Initiative, alongside the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada. This will ensure CDIC has the necessary level of regulatory data to: support risk-intelligent decision-making abilities, proactively respond to changes in Canada’s risk environment, and align needs to support the respective mandates of participating agencies.

2 — Depositor Trust and Confidence

Reinforcing people’s confidence in the safety of their deposits is essential to protecting financial futures in Canada. CDIC is undertaking a Deposit Insurance Study to assess the scope and coverage of current deposit protection to ensure that it continues to meet depositors’ needs into the future. Results will be shared with the Minister of Finance for policy consideration.

Given the strong linkage between public awareness of deposit protection and the stability of the financial system, the Corporation will continue to focus on the level of people’s awareness of CDIC, its membership and coverage.

3 — Organizational Strength

Organizational strength involves preparing for, and responding to, internal and external factors that can impact CDIC’s people, culture, and technologies. CDIC is committed to having a workforce that reflects the depositors it serves and being an employer of choice. CDIC is focused on promoting an inclusive culture, and exceeding workforce representation statistics. CDIC will again seek to achieve the Great Place to Work™ certification in 2024/2025. CDIC achieves its vision through its people and strong culture.

CDIC will enhance the efficiency and effectiveness of its enterprise and corporate services through targeted technology investment, improved operational resiliency and augmented skills-training to ensure the Corporation can continue to fulfill its mandate.

From a financial perspective, CDIC’s operating budget will be $90.3 million in fiscal year 2024/2025, and its capital budget will be $1.2 million. CDIC maintains (ex ante) funding to cover possible deposit insurance losses. The amount of such funding is represented by the aggregate of CDIC’s retained earnings and the provision for insurance losses. CDIC’s ex ante fund was $8.6 billion (73 basis points of insured deposits) as at September 30, 2023.

The Corporate Plan anticipates and responds to the evolving operating environment and risks facing CDIC. It also supports the Corporation’s ability to achieve its mandate, while maintaining the public’s trust and confidence that their eligible deposits are protected.

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• Summary of the Corporate Plan 2024-2025 to 2028-2029PDF
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• Résumé du plan d’entreprise 2024-2025 à 2028-2029PDF
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• 2024-2025
• 2028-2029
• CDIC
• Government and Politics
• annual report
• corporate plan
• financial

Additional Info

• Maturity Level 1 (46%)
• Maturity Level 2 (23%)
• Maturity Level 3 (0%)
• Maturity Level 4 (0%)
• Maturity Level 5 (0%)
• Maturity Level 6 (0%)

Field	Value
Last Updated	October 20, 2025, 02:56 (UTC)
Created	October 20, 2025, 02:56 (UTC)
Domain / Topic Domain or topic of the dataset being cataloged.
Title Title for the Dataset.	Summary of the Corporate Plan 2024-2025 to 2028-2029 - CDIC
Description A description of the dataset.	Executive summary As Canada’s federal deposit insurer and resolution authority, CDIC operates in a rapidly changing and complex environment. Canada’s economy is facing global and domestic headwinds, such as tighter monetary policy, higher interest rates, geo-political tensions, and lower housing affordability. Canadian businesses continue to navigate an uncertain operating environment with elevated input and borrowing costs. People in Canada are feeling the impacts every day. Overall, CDIC members are in stable financial condition. Although the 2023 bank failures in the United States and Switzerland were contained to those countries, these events underscored the importance of continued vigilance in regulatory oversight and supervision. They also reaffirmed the value of resolution planning and testing so CDIC can respond quickly to a variety of crisis scenarios and possible shocks to financial system stability. Moreover, they highlighted the importance of promoting public awareness of deposit insurance, which protects depositors and contributes to financial stability. Every year, new financial products, services, providers, and transaction channels are launched. This presents new savings opportunities, but also new risks to depositors regarding deposit protection and coverage. In response, CDIC continues to innovate to protect financial futures in Canada. For example, CDIC is continuing its payout modernization project which aims to reimburse depositors more conveniently, quickly, and securely in the event of a member failure. CDIC is also adapting to an evolving workplace environment. All organizations are facing increasing technological and cultural hanges, with continued competition for talent. CDIC will continue to advance its workforce strategies to prioritize attracting and retaining top talent, with a focus on ensuring its employees are representative of Canada’s diverse population. The Corporation will continue refining its approach to hybrid work, adapting technology, operations, and skills training across the organization to continue meeting the demands of the future in service of its mandate. CDIC will focus on three strategic objectives for the 2024/2025 to 2028/2029 planning period, anchored to the Corporation’s mandate as federal deposit insurer and resolution authority: 1 — Resolution Readiness Resolution readiness involves having the necessary people, data, processes, tools, systems, and financial capacity to resolve a member failure, if necessary. CDIC’s role among Canada’s financial sector oversight agencies intensifies during times of economic hardship or uncertainty. CDIC protects depositors and contributes to financial stability by being resolution ready. CDIC will continue to strengthen its capacity for the early identification and surveillance of risks. It will also identify and assess resolution tools, policies, and mechanisms to strengthen the current deposit insurance and resolution framework and improve resolution capacity and capabilities through training and testing. In 2024/2025, CDIC will remain focused on its new deposit insurance and payout system, a major transformational initiative that began in 2021. The project aims to enable depositors to access their funds more rapidly and securely in the event of a member failure. It will also enable CDIC to support new digital channels for communicating securely with depositors, member institutions, and deposit brokers. In 2024/2025, CDIC will also continue working on the tri-agency Data Collection Modernization Initiative, alongside the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada. This will ensure CDIC has the necessary level of regulatory data to: support risk-intelligent decision-making abilities, proactively respond to changes in Canada’s risk environment, and align needs to support the respective mandates of participating agencies. 2 — Depositor Trust and Confidence Reinforcing people’s confidence in the safety of their deposits is essential to protecting financial futures in Canada. CDIC is undertaking a Deposit Insurance Study to assess the scope and coverage of current deposit protection to ensure that it continues to meet depositors’ needs into the future. Results will be shared with the Minister of Finance for policy consideration. Given the strong linkage between public awareness of deposit protection and the stability of the financial system, the Corporation will continue to focus on the level of people’s awareness of CDIC, its membership and coverage. 3 — Organizational Strength Organizational strength involves preparing for, and responding to, internal and external factors that can impact CDIC’s people, culture, and technologies. CDIC is committed to having a workforce that reflects the depositors it serves and being an employer of choice. CDIC is focused on promoting an inclusive culture, and exceeding workforce representation statistics. CDIC will again seek to achieve the Great Place to Work™ certification in 2024/2025. CDIC achieves its vision through its people and strong culture. CDIC will enhance the efficiency and effectiveness of its enterprise and corporate services through targeted technology investment, improved operational resiliency and augmented skills-training to ensure the Corporation can continue to fulfill its mandate. From a financial perspective, CDIC’s operating budget will be $90.3 million in fiscal year 2024/2025, and its capital budget will be $1.2 million. CDIC maintains (ex ante) funding to cover possible deposit insurance losses. The amount of such funding is represented by the aggregate of CDIC’s retained earnings and the provision for insurance losses. CDIC’s ex ante fund was $8.6 billion (73 basis points of insured deposits) as at September 30, 2023. The Corporate Plan anticipates and responds to the evolving operating environment and risks facing CDIC. It also supports the Corporation’s ability to achieve its mandate, while maintaining the public’s trust and confidence that their eligible deposits are protected.
Tags / Keywords Keywords/tags categorizing the dataset.	2024-2025 2028-2029 CDIC Government and Politics annual report corporate plan financial
Format (CSV, XLS, TXT, PDF, etc) File format of the dataset.
Dataset Size Dataset size in megabytes.
Metadata Identifier Metadata identifier – can be used as the unique identifier for catalogue entry
Published Date Published date of the dataset.	2024-10-07
Time Period Data Span (start date) Start date of the data in the dataset.
Time Period Data Span (end date) End date of time data in the dataset.
GeoSpatial Area Data Span A spatial region or named place the dataset covers.

Field	Value
Access category Type of access granted for the dataset (open, closed, service, etc).
License License used to access the dataset.	Open Government Licence - Canada
Limits on use Limits on use of data.
Location Location of the dataset.	https://open.canada.ca/data/en/dataset/e56e1596-8b5e-4589-bbe2-9fc335144a82
Data Service Data service for accessing a dataset.
Owner Owner of the dataset.	Canada Deposit Insurance Corporation | Société d'assurance-dépôts du Canada
Contact Point Who to contact regarding access?
Contact Point Email The email to contact regarding access?
Publisher Publisher of the dataset.
Publisher Email Email of the publisher.
Author Author of the dataset.
Author Email Email of the author.
Accessed At Date the data and metadata was accessed.

Field	Value
Identifier Unique identifier for the dataset.
Language Language(s) of the dataset
Link to dataset description A URL to an external document describing the dataset.
Persistent Identifier Data is identified by a persistent identifier.
Globally Unique Identifier Data is identified by a persistent and globally unique identifier.
Contains data about individuals Does the data hold data about individuals?
Contains data about identifiable individuals Does the data hold identifiable data about individual?
Contains Indigenous Data Does the data hold data about Indigenous communities?
Portal Type Platform type of the source portal.

Field	Value
Version Version of the datatset	None
Source Source of the dataset.	None
Version notes Version notes about the dataset.
Is version of another dataset Link to dataset that it is a version of.
Other versions Link to datasets that are versions of it.
Provenance Text Provenance Text of the data.
Provenance URL Provenance URL of the data.
Temporal resolution Describes how granular the date/time data in the dataset is.
GeoSpatial resolution in meters Describes how granular (in meters) geospatial data is in the dataset.
GeoSpatial resolution (in regions) Describes how granular (in regions) geospatial data is in the dataset.

Field	Value
Indigenous Community Permission Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
Community Permission Community permission (who gave permission).
The Indigenous communities the dataset is about Indigenous communities from which data is derived.

Field	Value
Number of data rows If tabular dataset, total number of rows.
Number of data columns If tabular dataset, total number of unique columns.
Number of data cells If tabular dataset, total number of cells with data.
Number of data relations If RDF dataset, total number of triples.
Number of entities If RDF dataset, total number of entities.
Number of data properties If RDF dataset, total number of unique properties used by the triples.
Data quality Describes the quality of the data in the dataset.
Metric for data quality A metric used to measure the quality of the data, such as missing values or invalid formats.

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