Bank of Nova Scotia T.BNS

RE:Itrade accounts insured? or is it considered a bank account?

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I have seen statements that (1) brokerage accounts are not subject to bail-in and (2) common shares are not subject to bail-in.

I would guess (1) to be true because the broker is normally a trustee. But (2) is of little help because the common shares of a failed bank are unlikely to have any value, and even if they did, bail-in will dilute them to a homeopath's wet dream.

These might be helpful:

https://www.canada.ca/en/department-finance/news/2018/04/backgrounder-regulations-to-implement-the-bank-recapitalization-bail-in-regime.html

https://laws-lois.justice.gc.ca/eng/regulations/SOR-2018-57/index.html

https://www.cdic.ca/what-happens-in-a-failure/resolution-of-large-banks/resolution-tools-for-d-sibs/bail-in/bail-in-backgrounder/how-bail-in-works/

https://www.cdic.ca/what-happens-in-a-failure/resolution-of-large-banks/resolution-tools-for-d-sibs/bail-in/bail-in-faqs/

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frances1 wrote: If you have money in Scotia itrade is the money availble to Scotiabank with the new bail in laws? 

I sent an email this week and itrade did not respond...so if we have a run on the banks the cdic will insure your funds to 100k and after that your money can support the bank if needed....my question is simple, most folks have more money in their itrade accounts with rrsp's and tfsa's etc....if you have over 100k in those accounts and if they use the bail in law during a crisis...can they take your money? 

I cant find the answer to this...love to have someone share info on this.