An investor's account with a Canadian CIRO-regulated dealer goes bankrupt. The investor had $500,000 in cash, $350,000 in Canadian common stock, and a $120,000 segregated bond portfolio. Assuming all assets are eligible for coverage, what is the maximum amount the investor could recover from CIPF?

Question: An investor's account with a Canadian CIRO-regulated dealer goes bankrupt. The investor had $500,000 in cash, $350,000 in Canadian common stock, and a $120,000 segregated bond portfolio. Assuming all assets are eligible for coverage, what is the maximum amount the investor could recover from CIPF?

Answer options: ✅ $1,000,000

• $350,000
• $1,120,000
• $1,000,000 for securities and $1,000,000 for cash

Correct answer: $1,000,000

Explanation: CIPF provides coverage up to $1,000,000 for general accounts, which includes cash and securities. The aggregate value of eligible assets ($500,000 cash + $350,000 stock + $120,000 bonds = $970,000) is below the $1,000,000 maximum.