Health and disability insurance can help protect your lifestyle by providing financial security in the event of an illness or injury. These policies can cover medical costs, lost wages, and other expenses associated with a disability, helping to ensure that you and your family are taken care of.
Understanding the differences between a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA) is key to choosing the right savings vehicle for your goals. Ask yourself: What am I saving for? Is it a short- or medium-term goal, or a long-term objective like retirement? Your answer will guide you toward the most…