Among the choices are usually RRSPs and TFSAs – but what’s the difference between the two? More importantly, what are the benefits of each?

If you’re like many Canadians, retirement is an important accomplishment: a transition to spending more time however you want. As you approach the end of your working years, it’s important to look into options that can maximize your savings and make them last.

Myth: Cancer, heart attack and stroke won't happen to me. Reality: 2 out of 5 of us are expected to develop cancer in our lifetime. Every four minutes a Canadian is diagnosed with cancer. More than 400,000 Canadians are living with long-term stroke disability.

We work hard to protect what matters most to us: our families, our homes, our lifestyles. We’re less likely to protect what may be our most important asset: our ability to earn income. That’s a problem when many of the things that matter to us, like our families and lifestyles, depend on you maintaining that ability to generate income.

You play an important role in protecting your parents' legacy

You may know about a registered retirement savings plan (RRSP) and how it can help you save money for retirement. But a spousal RRSP has other benefits you can take advantage of.

If you’re buying a home or renewing an existing mortgage, you may be offered group insurance by your lender or broker. You put a lot of money towards your home, so it’s worth taking steps now to protect your investment.

Building savings can be challenging – after all, there are plenty of fun things to spend money on.

You’re not alone in thinking about life insurance. For many Canadians, it’s an important part of a comprehensive financial plan. It can help your named beneficiary, such as your family, replace your income and fulfill their plans – such as going to university or retiring – in your absence.

No matter how hard we try, we can’t predict what’s waiting around the corner. Life’s unpredictability makes critical illness insurance an excellent option for people looking to help protect their family’s finances.