An investor holds assets valued at $1,310,000 through their investment dealer. The assets are divided as follows: $20,000 in a cash account; $85,000 in a margin account; $940,000 in a registered retirement savings plan; $200,000 in a locked-in registered retirement savings account; $65,000 in a registered education savings plan. If the IIROC investment dealer became insolvent, the investor would be covered for losses up to what maximum amount under CIPF rules?

Answer rating: 100% (QA)

The maximum coverage amount provided by the Canadian Investor Protectio... View the full answer