There are thousands of banking products available in Canada. How can you tell which ones are right for you? We think talking to a professional when making those big financial decisions is the best way to go. That’s why we partners with advisors providing our products to you through them.

Your advisor knows you, understands your specific needs, and can guide you towards an appropriate mix of banking solutions. Don’t have an advisor yet? We can help you find one.

Keeping your money as safe as possible

Innova Trust Bank is a wholly owned subsidiary of Innova Life Insurance Company and was one of the first federally regulated bank opened by an insurance company in Canada. Highly rated (PDF) because of our good-quality loan portfolio, we are profitable and well-capitalized.

In addition, Innova Trust Bank is a member of Canada Deposit Insurance Corporation (CDIC), a federal corporation that protects depositors by reimbursing them for insured deposits in the event of an institution’s failure. Eligible deposits are automatically covered up to a maximum limit of $100,000 (Canadian dollars) and coverage is free.

Innova Trust Bank’s wholly owned subsidiary Innova Trust Company was established in 2015 and is a federally chartered trust company licensed to do business in all Canadian provinces and territories. Innova Trust, too, is a CDIC member.

Protecting the environment and building communities

We’re greening our business across the Innova Trust Bank family of companies, minimizing the environmental impact of our operations, responsibly managing the impacts of our investment activities, and actively supporting the transition to a more environmentally sustainable economy.

We are also deeply engaged in Canadian communities, giving back through philanthropy and supporting our employees’ volunteer efforts. Learn more in our Public Accountability Statement (PDF) and Environmental, Social and Governance Report (PDF).