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Ottawa Wants to Raise Your Deposit Insurance to $250,000: What Changes (and What Doesn’t)

  For more than 20 years, the federal guarantee on your savings has been stuck at $100,000. In Thursday's budget, Ottawa proposed to raise it to $250,000. Here is what would change, what wouldn't, and why you shouldn't move a dollar yet. Today (unchanged since 2005) $100,000 per deposit category Proposed in Budget 2026 $250,000 per deposit category What Budget 2026 actually proposes The Canada Deposit Insurance Corporation (CDIC) protects your deposits if a member bank fails. The budget proposes amendments to the CDIC Act that would do four things: Raise the limit from $100,000 to $250,000 per deposit category, the first increase in more than two decades. Remove the limit entirely for eligible deposits held in registered and tax-free accounts. Today, the limit is $100,000 per account type at each institution. Add temporary high-balance coverage for life events such as selling a home. Require a review of the deposit insurance framework every 10 years. It isn't law yet. ...
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Young-onset dementia: A growing public health concern in Canada

 

Young-onset dementia is a growing public health concern in Canada. According to the Alzheimer Society of Canada, the number of individuals impacted is projected to reach more than 40,000 people by 2050.

The diagnosis of dementia in individuals under the age of 65 is referred to as “young onset dementia” and poses unique challenges. Diagnoses are often delayed, and it’s tough to get workplace accommodations.

The reasons behind the rise of young-onset dementia in Canada are not yet fully understood. However, the latest landmark study by the Alzheimer’s Society of Canada suggests that a growing number of Canadians are developing dementia in their 60s, 50s, 40s, and even earlier. The study highlights that the initial diagnosis of young-onset dementia is often incorrect, leading to delayed diagnoses and missed opportunities for early intervention.


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