Definition
Insures eligible deposits — savings accounts, chequing accounts, GICs with terms of 5 years or less, foreign-currency deposits — at CDIC member banks and trust companies up to $100,000 per insured category per institution. CDIC does NOT insure mutual funds, ETFs, stocks, or bonds — those have CIPF coverage at the dealer level (different scheme, $1,000,000 per account category).
Source
Canada Deposit Insurance Corporation Act; cdic.ca