You need to purchase insurance coverage because you do not want your family members to assume your financial liabilities nor have a drastic change of life style arising out of repayment of consumer debt, dependent care, college education for dependents, funeral costs, and mortgages etc.
Travel insurance can offset the high medical costs associated with being ill while travelling outside of your province. Likewise, trip cancellation and interruption insurance can offset financial loss resulting from your pre-paid, non-refundable trip costs if you have to cancel your travel plans for an insured reason.
Immigrants & Visitors to Canada Insurance helps protect visitors to Canada and their families from unexpected costs due to a medical emergency while visiting Canada. Some Canadian hospitals charge over $4,000 a day in medical costs.
With a flexible savings plan, you can invest even more for your personal projects and retirement and accumulate your wealth.
Registered retirement saving plan can help you save money for your retirement, tax-free. Additionally, contributions to an RRSP lower your taxable annual income, which means that you enjoy tax savings.
A RESP allows you to build up savings to put forward your child’s post-secondary education.a
Tax-free saving account is a savings plan that allows you to grow your savings, tax free. It is a perfect solution for your short, medium, and long-term savings projects, like paying for trip, buying a home or creating an emergency fund.
Are you on the verge of changing jobs and want to know what will happen to the pension plan you have with your current employer? A Locked-in retirement account allows you to transfer the money saved in a pension plan with a former employer to an individual plan.
An individual pension plan is a defined benefit plan designed for business owners or executives who want to optimize their retirement income. It’s an advantageous option if you want to save more for retirement while reducing your taxes.