Life Insurance

Insurance businesses, in Canada, account for the second-greatest volume of capital – after banking. The range of services offered by insurance companies includes life insurance, health insurance, and disability insurance real estate and personal property insurance bank loans pension plans and investment projects this just about covers all aspects of what one should be covered by, in case of accidental injury, sudden illness or loss of property or personal effects. It is an essential part of the Canadian social service system that citizens and permanent residents have access to the highest levels of protection. It is believed that anyone living in this country should protect self, family and property in order to live a fulfilled life.

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Should I use a RRSP or TFSA or both?

Low income:

TFSA can be an ideal savings vehicle if you’re in a low-income tax bracket. RRSPs may not be well suited to low-income Canadians. As the earlier example demonstrates, the RRSP account tax savings are insignificant and may be in a higher tax bracket when you withdraw. You may also consider that TFSA withdrawals don’t impact income-tested benefits and credits, such as child tax benefits and credits, Old Age Security, or Guaranteed Income Supplements.
If you now find yourself in a lower tax bracket, such as when on maternity leave, and made RRSP contributions in the past, consider withdrawing from your RRSP to make a TFSA contribution. However, remember that funds withdrawn from your RRSP can’t be re-contributed later.

Middle income:

One strategy would be using RRSP calculator contribute to your TFSA now and accumulate RRSP room to be used later in a higher tax bracket to optimize the tax benefits.

High income:

This is where you may want to maximize your RRSP contribution limit and TFSA contribution. The tax savings or refund received from the RRSP contribution could be used to fund the TFSA.

The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).

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How much do I need for retirement?

Predicting your retirement needs is best started by assessing your current expenses and pinpointing future costs related to your work that will decrease when you retire, such as clothing, eating out, gas, etc…
When planning for retirement, think about different scenarios that could affect your income, such as:


Also, take into account any large debts such as mortgages. Will you finish paying your mortgage by the time you retire? Or are you considering buying a smaller home or moving into a nursing home?
Solutions to such issues may also affect your costs. You need to take into account how long your pension payments will last.
It is an important consideration. Would you be able to live if your pension payments were expanded by thirty years? If you put off retirement for another five years, your savings will only last twenty-five years, but you will earn an additional five years of salary. It can make all the difference in your budget.


You were deciding to retire early for personal or professional reasons— significant unexpected expenses, such as urgent repairs to your home. A serious health problem affecting you or your loved one requires costly medical care. Try to evaluate the impact of such events on your finances. This action can help you build a realistic retirement fund. Take this opportunity to see if your disability or critical illness insurance policy is sufficient for your needs. Your health, financial situation, and plans will change over the years. The closer you get to retirement age, your needs will become apparent. To ensure you’re on the right track, reviewing your retirement plan from time to time is essential.


Feel free to consult with a specialist regularly to test different scenarios and choose the plan that is comfortable for you.

The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).

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No minimums or fees

There’s no minimum balance needed to start saving, no setup or monthly fees, and no fees to deposit or take out money. Keep in mind that withholding taxes may apply to withdrawals.

Pay less tax in retirement

When you retire, your income will probably be lower than it is now. That means the money you and your spouse take out of your RRSPs will likely be taxed at a lower rate.

Borrow to pay for a first home or education

Take out up to $35,000 to make a down payment on your first home with the Home Buyers’ Plan and up to $20,000 for your or your spouse’s education with the Lifelong Learning Plan. Faster growth without taxes while you save In your RRSP, taxes aren’t applied until you start withdrawing your money. Instead, every dollar in your account keeps growing.

Pay less tax today

When you contribute to your RRSP (or your spouse’s), you lower your taxable income and pay less tax today.

Lower risk in your retirement portfolio

Your money will earn a high-interest rate and won’t depend on stock market returns. Plus, your savings are eligible for deposit insurance from the Canada Deposit Insurance Corporation (CIDC).

RRSP investment options


Registered Advantage Account

Get a high rate of return on your money while having easy access to it when needed.

No minimum investment

All deposits earn the same high-interest rate

No setup fees


Long-term GICs

Lock your money in to earn guaranteed returns in a secure, simple investment.

$2,500 minimum investment

Competitive rates on 1-year to 5-year terms

No setup or maintenance fees


Short-term GICs

Stay flexible and keep your options open with investment terms of up to a year.

$25,000 minimum investment

Competitive rates on 30-day to 364-day terms

No setup or maintenance fees.

For more information – 647-993-8405

The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).

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Insurance News | Introduction

Dear Friends!
I started this mailing list to share the latest news from the insurance industry with you, warn you about common mistakes related to a lack of information, and remind you of what you should pay attention to.
Dear friends,
I also want to share information about other topics that interest me and that you might find interesting. How to stay healthy, how to change your eating habits, how you can use essential oils in your daily life, or to share recipes and suggestions I sporadically encounter on the Internet.
What exactly would you be interested in reading in my letters? I appreciate your time. I want the two minutes spent reading my newsletter to be well spent!
And in parting, a couple of insurance jokes:
“The essence of insurance is that people who are lucky pay for the failures of people who are not so fortunate.”
Rabinovich laments to a friend:
– Professional stress will finish me off! I suffer from migraines, my blood pressure is off the charts, I sleep terribly, and I just got an ulcer. If I don’t quit, I’ll probably have a stroke or a heart attack.
– Why are you staying with the company?
– Yes, it hurts in our company favorable medical insurance conditions … “
With care to you,
Insurance Agent
Inna Shafir
I will check the current policies at no cost and at a time that is convenient for you. Life changes, the insurance industry, smoking status, and other factors can lower the cost of your insurance.


The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).

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Travelling - Visitor Insurance is required right now!

This statement is true for both visitors and most new residents of Canada. In most provinces, public health insurance in Canada is not available to immigrants and students for the first few months. When the deadline expires for the region, public health insurance for an immigrant or Canadian citizen becomes available.
Travelers and visitors to Canada must take out Visitors to Canada Insurance. It is highly suggested that individuals purchase a medical insurance policy. The cost of treatment in Canada is high. If you do not have any insurance for emergency medical care, you will have to pay a large amount. Also, do not choose a policy that does not cover hospital treatment. For example, after an appendix is removed, medical bills can start at a minimum of 7,000 Canadian dollars. The amount will be significantly more if we discuss serious medical interventions or prolonged hospitalization. People with chronic diseases take health insurance more responsibly. However, even a sudden dentist in Canada visit without insurance might seriously derail your plans. That is why Travel-Visitor Insurance Canada must be; it is unpleasant not to have it.
It is essential to take a severe approach to choosing an insurance policy. The insurance price depends on the length of stay, the age, and the selected package of services. Mileni Insure works with insurance plans for New Immigrants, Guests, Families Visitors, and International Students.
Our insurance company will assist you in navigating the complexities of insurance offers and selecting a personalized, cost-effective insurance plan. 
Please, contact us for more information. Our agent will contact you within 24 hours and respond to any inquiries or questions you may have.


The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).