Budget 2026 Doubles CDIC Coverage to $250K: What Vancouver Home Sellers and Buyers Need to Know About Their Down Payment Cash

The federal government’s 2026 budget, tabled on November 6, proposes raising the Canada Deposit Insurance Corporation (CDIC) coverage limit from $100,000 to $250,000 per depositor—the first increase in more than two decades. The measure is framed as a way to modernize the deposit insurance framework after the limit had been frozen since 2005. Under the proposal, eligible deposits in registered and tax-free accounts would see their insurance cap removed entirely, and the government plans to introduce temporary high-balance coverage for life events such as selling a home. The budget also includes a commitment to legislate a formal review of the framework every ten years, while requiring provincial trust and loan companies to convert to federal charters if they wish to become CDIC members.