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Rebuilding your financial life starts with understanding your current situation and long-term outlook and the best options towards regaining financial security and future wealth. Independent financial planning and wealth management is tactically different from couples' planning.
Costly mistakes might be made, and defaulting to the major institution where you have a chequing account is not the only option. As a single person, the value of your registered account (RRSP/RRIF/LIRA/LIF) is considered 100% taxable income upon your death, with limited exceptions. The right life insurance mitigates estate and income taxes on your passing and restores your wealth for transition to your loved ones.