Definition
CDIC insures eligible deposits (savings accounts, chequing accounts, GICs with a term of 5 years or less, and foreign-currency deposits) at member banks, trust companies, and loan companies up to $100,000 per insured category per member institution. The seven categories are: (1) deposits in your own name, (2) deposits held in an RRSP, (3) deposits held in an RRIF, (4) deposits held in a TFSA, (5) deposits held in an FHSA, (6) deposits held in trust for others, and (7) deposits in a registered education savings plan (RESP). Because each category is insured separately, a depositor with accounts in all seven categories at a single CDIC member could receive protection on up to $700,000 in total. CDIC does NOT insure mutual funds, stocks, bonds, crypto, or GICs with terms exceeding 5 years. Since April 30, 2020, foreign-currency deposits have been eligible for coverage (previously excluded). Verification: cdic.ca publishes the current coverage list.
Source
Canada Deposit Insurance Corporation Act; CDIC Deposit Protection Information (cdic.ca); Budget 2020 amendments