[MoneyGuy]

Originally Posted by Yoho

Also this was interesting for me to find out. RESP’s are covered by CDIC up to $100,000 but only if they are in GIC or term deposits.

https://www.cdic.ca/your-coverage/ho...ngs-plan-resp/

Yes, they must be “deposits,” which GICs and term deposits are. Mutual funds are not guaranteed (except for seg funds).