Investor protection funds
An investor protection fund may compensate investors for losses in the event of the bankruptcy of an investment dealer or a mutual fund dealer. It does not cover losses resulting from the changing market value of securities, unsuitable investments, or the default by an issuer of securities.
There is currently one approved investor protection fund, the Canadian Investor Protection Fund (CIPF), formed through the amalgamation of two predecessor protection funds, the former Canadian Investor Protection Fund (former CIPF) and the MFDA Investor Protection Corporation (MFDA IPC).