Know what's covered so you're covered
The Canada Deposit Insurance Corporation (CDIC) provides deposit insurance on eligible deposits at member institutions up to $100,000 per registration. So your RRSP deposits are covered separately from your unregistered GICs, and your personal bank account is covered separately from your joint account. Deposits must be in Canadian currency and payable in Canada. Term deposits must be repayable no later than five years from the date of deposit.
For more info, go to the CDIC Website www.cdic.ca.