I, too, am with Etradew Canada. Here is what I got from thier site:

E*TRADE Canada Securities Corporation is a member of the Canadian Investor Protection Fund (CIPF), which protects client accounts in the unlikely event of financial failure. Under CIPF coverage, if a Canadian broker fails, CIPF funds are available to clients to make up for any shortfall in client assets that should have been maintained for the client up to C$1,000,000 for losses related to cash and securities balances in the client's general accounts or separate accounts as defined by the CIPF policy. An explanatory brochure regarding CIPF coverage is available upon request or www.cipf.ca.

In addition, through our relationship with Penson Financial Services Canada Inc. as our carrying broker, E*TRADE Canada's client securities may be protected by an excess securities insurance policy from Lloyd's of London. This excess coverage may protect clients from net equity losses in client securities in excess of the CIPF limits up to a maximum of C$9,000,000 per client per separate account as determined by CIPF, subject to certain maximum aggregate insurance coverage limits applicable to Penson Financial Services Canada Inc. Details are available on request

crazydik