The policy goals of CDIC were set out in Article 1 of the Deposit Insurance Act. These are to:
- Safeguarding the rights of depositors in financial institutions
- Maintaining an orderly credit system
- Enhancing the sound development of financial operations
Three important responsibilities were assigned to CDIC by the Deposit Insurance Act to fulfill the purpose of legislation, including:
- Handling deposit insurance
- Managing deposit insurance risk
- Dealing with failing and failed insured institutions