The First House Savings Account's (FHSA) segregated cash portion held with the trustee is insured up to $100,000 (principal and interest combined) by the Canadian Deposit Insurance Corporation (CDIC), which is a Federal government agency that insures Canadians’ savings against the failure of a bank or other CDIC member institution.
FHSA accounts are also counted as a separate account for CIPF coverage, and so are eligible for an additional 1M CAD coverage under CIPF.