What do the colors on the Canadian flag mean?

While some believe the colors on the Canadian flag have no official significance. As well, the points on the maple leaf found on the flag, do NOT correspond to the provinces and territories of Canada, as there are now 10 provinces and 3 territories and only 11 points on the Canadian flag. The blocks on both sides are supposed to represent both west and east, the pacific and Atlantic ocean. Others believe the white means peace and honesty and the red means hardiness, bravery, strength & valour.