Life insurance ensures the financial security of your loved ones by providing a tax-free benefit to your designated beneficiaries upon your death. You choose the amount and type of insurance based on your needs, covering various aspects such as funeral expenses, mortgage, estate taxes and leaving money to your loved ones.

Disability insurance (income) protects your income in the event of an accident or serious illness, allowing you to focus on your recovery. It covers unexpected expenses related to care and ensures financial security throughout your career and as retirement approaches.

Critical illness insurance provides a lump-sum payment upon the diagnosis of a serious illness, such as cancer or cardiovascular diseases. It covers expensive treatments, disability, foreign care, and maintains the standard of living, without requiring death to trigger the benefit.

The RRSP, registered with the Government of Canada, allows tax-deductible contributions, reducing taxable income. It is crucial for planning a comfortable retirement by investing early to offset the increase in life expectancy and supplement government benefits.

A TFSA allows you to save or invest without paying tax on interest and profits. Ideal for both short and long-term goals, it offers tax-efficient growth. Perfect if you've reached your RRSP contribution limit or are planning to spend money in the near future, as the income is tax-free.

Non-registered accounts typically include regular brokerage accounts, regular savings accounts, or chequing accounts that do not have the specific tax benefits offered by registered accounts. Investment gains in these accounts may be subject to tax.