Are RRSP accounts insured

Registered Retirement Savings Plans (RRSPs) in Canada are not directly insured like bank accounts; however, the financial institutions holding the RRSPs may be members of the Canada Deposit Insurance Corporation (CDIC) or provincial deposit insurance programs. These insurance programs protect eligible deposits up to a certain limit in case of a bank failure. It's important to note that the investments within the RRSP, such as stocks or mutual funds, are not insured. Always check with your financial institution for specific details regarding the coverage of your RRSP.