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Canada Life Assurance Company, The
Canada Life team members connect at a networking event  

Recognized as one of Manitoba's Top Employers (2024):

Here are some of the reasons why Canada Life Assurance Company, The was selected as one of Manitoba's Top Employers (2024):

  • Canada Life encourages employees to support the initiatives in their communities that matter to them through a unique community volunteer grant program -- the program supports employee volunteerism with financial donations from $500 to $1,000 for every 25 to 50 volunteers hours provided
  • Canada Life supports all aspects of health through a formal Workplace Strategies for Mental Health initiative that includes free tools and training materials and resources for employees -- and also offers generous mental health practitioner coverage (to $5,000 annually) as part of their health benefits plan
  • Canada Life supports ongoing employee development through its in-house, "People Zone Learning" management system that offers employees access to range of resources, from onboarding programs and regulatory courses to personal development programs -- and through the Percipio online learning portal, employees have access to over 6,000 courses, thousands of videos and over 11,000 e-books and audiobooks
Staff at Canada Life  

Highlights

Industry Direct life insurance carriers
Established in Canada 1847
Publicly traded yes
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,982
Part-time employees in Canada 190
Average age of employees in Canada 42.75 years
Longest serving employee 47 years
Flexible work options hybrid work option, flexible work hours, compressed work week, shortened work week (fewer hours with less pay), telecommuting
Long-term savings defined-contribution (DC) pension
Health plan premium as part of the health plan, the employer pays up to 70% of the premiums
Wellness spending account up to $400 each year
Mental health practitioner benefit up to $5,000 each year
Maternity top-up (mothers) up to 80% of salary for 15 weeks
Parental top-up (mothers) up to 80% of salary for 10 weeks
Parental top-up (fathers) up to 80% of salary for 10 weeks
Adoption top-up up to 80% of salary for 10 weeks
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Outside survey period outside consultant surveys are held every 12 months
Employee performance reviews employees receive individual performance reviews every 6 months
In-house training initiatives apprenticeship/skilled trades programs, in-house training, online training, mentoring, leadership development programs, paid internships
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 1 paid day)

Recognized as one of Canada's Greenest Employers (2024):

Here are some of the reasons why Canada Life Assurance Company, The was selected as one of Canada's Greenest Employers (2024):

  • Canada Life’s head office properties have achieved Gold-level LEED and/or BOMA certifications (over 86 per cent of its subsidiary Great-West Life Realty Advisors' building portfolio has received one or more green building certifications) -- there are numerous initiatives to reduce energy consumption, water usage, greenhouse gas emissions and waste generation across the company
  • Canada Life works with Microsoft and Computers for Success Canada, donating end-of-cycle devices to the Computers for Schools Plus program -- nearly 2,000 laptops have been donated to schools in Manitoba and Ontario since 2020
  • Canada Life worked with MicroHabitat to create a 500 square foot urban farm rooftop garden at its historic 330 University Avenue location in Toronto -- the garden's harvest included flowers, tomatoes, peppers, eggplants, onions, radishes, carrots and herbs, leading to nearly 300 pounds of produce donation to local food banks
Canada Life team members  

Highlights

Industry Direct life insurance carriers
Major Canadian locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,982
Part-time employees in Canada 190
Employee green team corporate properties sustainability working group
Publishes sustainability report yes
Green highlights numerous initiatives to reduce energy consumption, waste creation, water usage and greenhouse gas emissions across its many locations across the country
Noteworthy initiatives Green Standards (partnership to resell and recycle used office furniture with revenues generated donated to local community organizations; since 2009 over 135 projects have diverted tonnes of material from landfills)
Building footprint includes PV solar panels, green roof, electric vehicle charging stations, green roofs (London and Winnipeg), solar-powered EV charging stations, LED lighting and other energy-savings retrofits across numerous properties, Canada Life’s head office properties have achieved Gold-level LEED and/or BOMA certifications (over 86% of subsidiary Great-West Life Realty Advisors' building portfolio had one or more green building certifications)
Commuter amenities walk to public transit, secure/sheltered bicycle parking
Community partnerships MicroHabitat (created urban farm rooftop garden at the 330 University Avenue location in Toronto with nearly 300 pounds of produce donated to local food banks), Microsoft and Computers for Success Canada (donates end-of-cycle devices to the Computers for Schools Plus program, donating nearly 2,000 laptops to schools in Manitoba and Ontario), Nature Conservancy of Canada (Big Backyard BioBlitz educational program), Earth Rangers (educational program children and their families), International Institute for Sustainable Development

Recognized as one of Canada's Top Employers for Young People (2025):

Here are some of the reasons why Canada Life Assurance Company, The was selected as one of Canada's Top Employers for Young People (2025):

  • Canada Life maintains a rotational new graduate program for actuarial students pursuing their Fellowship of Canadian Institute of Actuaries, rotating through roles in various areas every two years -- students receive paid time off to study, reimbursement for exam fees and study materials, and access to Canada Life's on-site actuarial libraries
  • Through the 24-month Emerging Leaders Program, Canada Life provides new graduates with accelerated leadership development opportunities and broad exposure to the organization through rotations across lines of business -- each rotation lasts eight months and includes sponsorship from key senior leadership, with activities including leadership self-assessments, opportunities to provide recommendations for real business problems, and participation in internal workshops on topics such as trust, change, team building and coaching
  • Canada Life recently launched a formal student engagement program to support students and new graduates for the first four months of their employment, coordinating events such as a formal welcome from the President and COO, panel discussions with key leaders to provide an overview of Canada Life's business lines, and various in-person social connection opportunities
Canada Life employees attend a job fair  

Highlights

Industry Direct life insurance carriers
Major Canadian locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 12,891
Student opportunities summer jobs, co-op opportunities, paid internships
In-house training programs orientation program, in-house training, online training, mentoring, apprenticeship/skilled trades programs
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Unique training and development opportunities rotational program for CPA students (includes 1-on-1 coaching to prepare for the Common Final Examination), 4-month co-op and internships (roles in technology, accounting/finance, actuarial), actuarial new graduate rotational program (participants receive paid time off to study, reimbursement for exam fees and study materials)
Additional highlights 24-month Emerging Leaders Program provides accelerated leadership development to develop the next generation of Canada Life leaders
Dedicated employee resource group Young Professionals ERG focused on career development, networking, mentorship and community
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

The Career Directory

Canada Life Assurance Company, The has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.

Highlights for New Grads

Industry Direct life insurance carriers
Full-time employees in Canada 10,001 to 25,000
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Typical new grad positions Graduates would occupy roles in finance, actuary, technology and digital strategy.
Starting salary $40K to $45K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

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