Equitable Life Insurance Company of Canada, The

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1 Westmount Rd N
Waterloo, ON N2J 4C7
Established in 1920, the Equitable Life Insurance Company of Canada is an independent mutual life insurance company that provides insurance, investment and annuity products.

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Equitable Life Insurance Company of Canada, The
Equitable Life's meeting area  

Recognized as one of Southwestern Ontario's Top Employers (2025) and Waterloo Area's Top Employers (2025):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Feb 4, 2025)

Here are some of the reasons why Equitable Life Insurance Company of Canada, The was selected as one of Southwestern Ontario's Top Employers (2025) and Waterloo Area's Top Employers (2025):

  • Equitable Life fosters connection across the organization through company-wide Together Days and monthly Growing Together events, where different teams or business units showcase their current projects and initiatives to all employees
  • Equitable Life helps employees prepare for the future through a defined contribution pension plan -- and lets employees share in the company's success along the way through a generous year-end bonus program
  • Equitable Life enhances employee benefits coverage through an annual health spending account, access to a wellness spending account that can be used to fit their personal needs, and dedicated mental health coverage as part of the health benefits plan, to $1,000 annually
The locker area at Equitable Life's office   (Photo credit: Wilson Costa)

    Highlights

    Industry Insurance and financial services
    Established in Canada 1920
    Major Canadian locations Montréal QC, Edmonton AB, Vancouver BC, Waterloo ON, Markham ON, Calgary AB
    Full-time employees in Canada 1,084
    Part-time employees in Canada 42
    Average age of employees in Canada 43.25 years
    Longest serving employee 45 years
    Flexible work options hybrid work option, flexible work hours, telecommuting
    Long-term savings defined-contribution (DC) pension
    Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
    Health spending account up to $1,900 each year
    Wellness spending account up to $300 each year
    Mental health practitioner benefit up to $1,000 each year
    Maternity top-up (mothers) up to 66.67% of salary for 8 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 12 months
    In-house training initiatives in-house training, online training, mentoring, leadership development programs, paid internships
    Related tuition subsidies employer covers up to 50% of tuition per year
    Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 1 paid day)

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