Yes.
BC_guy is right. All the envelopes, folder, separate clips, etc. are IMMEDIATELY removed and the file is reorganized in Mississauga or Vegreville (wherever the application is being processed). However, I disagree with the cling film/wrap to hold it all together. Use a large binder clip or a couple of elastic bands. Put everything in the order of the checklists, and you don't have to use a table of contents if you use the checklist because THAT will be the table of contents. I will agree with numbering the bottom right hand corner of all the pages. AND KEEP A COPY OF WHAT YOU SEND TO CIC!!!!
And frankly, there is TOO much supporting documentation in this application. For example, if you've had joint bank accounts since 2009 until now, why send a copy of every statement? Send a copy of the first one in 2009 when you opened the account, one from 2010, 2011, 2012 and the most current. That's enough! Same for credit card statements. You don't need to include EVERY receipt from EVERY trip. Itineraries and a few photos of each are enough. Too much of a good thing is NOT a good thing. CIC complains about files like this that can be too large. And it's silly for common law couples to include emails and phone records (although the OP didn't mention those but I'm just saying) unless there are a few emails from when you first started dating or are currently living apart to show ongoing communication. You live TOGETHER so no need for too much of this stuff.
And FYI for the OP, the Sponsor's information goes on top. It's the sponsor that is evaluated first. Best of luck.