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Is Your RSP Protected?
Financial markets – and the financial industry itself – are undergoing incredible change. Change is often accompanied by uncertainty, so it’s important for you to be aware that your nest egg benefits from sound protection.
National Bank Financial: A century of proven strength
It should go without saying, but it’s still important to keep in mind – your money’s first line of defense is in the solidity and credibility of your financial institution. Since 1902, National Bank Financial has developed sound business practices to adapt to continually evolving economic environments.
With every investment decision comes the notion of risk, and as such, a personal tolerance level with respect to market volatility is one of the most important decisions you will make. However, your choice in the financial institution with which to invest your money should always be a sure thing. National Bank Financial clients are particularly fortunate in this regard. Our century-long history speaks not only to NBF’s vast investment expertise, but also to our ability to maintain financial solidity, credibility and trustworthiness in any circumstance. Today, each branch of NBF’s coast-to-coast network has inherited this enviable tradition.
Canadian Investor Protection Fund: Solid coverage
Client accounts at National Bank Financial and all other members of the Investment Dealers Association (IDA) of Canada are protected by the Canadian Investor Protection Fund (CIPF). This fund safeguards the public from the insolvency or bankruptcy of an IDA member firm. Your general accounts are protected for up to $1 million. Together, your retirement plans – RSP, RIF, LIRA, LIF and LRIF – also have $1 million of coverage.
As well, education savings plans are insured separately to $1 million. For more details, ask your National Bank Financial Investment Advisor for a copy of CIPF’s official information leaflet or contact the CIPF directly.
Other forms of protection
Please note, also, that cash balances of up to $60,000 in registered plan accounts are covered by traditional deposit insurance – as these amounts are held by our registered plan trustee.
Furthermore, fixed-income securities, such as bonds, strip bonds and treasury bills, enjoy their own guarantee as far as yield and maturity value are concerned. This guarantee is unconditional and unlimited for securities issued by a government or one of its agencies. However, the value of other securities, such as common stocks or investment funds, is dependent on market fluctuations and is in no way guaranteed. Lastly, as National Bank of Canada and National Bank Financial are separate corporations, the securities offered by the latter are not guaranteed by the former, with the exception of certain of those issued by the Bank itself.
Canadian Investor Protection Fund
79 Wellington Street West
Suite 610, P.O. Box 75
Toronto, Ontario M5K 1E7
Telephone: (416) 866-8366
Toll-free: 1 866 243-6981
E-mail: info@cipf.ca
Internet: www.cipf.ca
Fax: (416) 360-8441
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