Sun Life Assurance Company of Canada Inc.

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1 York St
Toronto, ON M5J 0B6
Sun Life Assurance Company of Canada Inc. provides insurance products and investment solutions to Canadian residents and organizations.

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Sun Life Assurance Company of Canada Inc.
Sun Life employees collaborate at work  

Recognized as one of Greater Toronto's Top Employers (2025):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Dec 2, 2024)

Here are some of the reasons why Sun Life Assurance Company of Canada Inc. was selected as one of Greater Toronto's Top Employers (2025):

  • Sun Life offers up to five Care Days every year that employees can use for a variety of personal reasons, including personal care, caring for others, appointments and emergencies, non-statutory cultural holidays, events of personal significance or to volunteer in the community -- the company also offers a unique sabbatical leave program for employees reaching their fifth year milestone (and every fifth year thereafter) letting them book leaves from three to six weeks (with the first week paid by the company)
  • Sun Life invests significantly in mental wellness, offering employees generous coverage for mental health practitioners as part of its benefits plan (up to $12,500), access to a mental health coach (to help employees identify appropriate resources based on their needs), and access to on-demand services such as online cognitive behavioural therapy and virtual live therapy
  • Sun Life offers free financial wellness webinars to increase financial literacy among employees (with topics such as retirement planning, investing, and understanding credit and debt), and helps employees save for the future with a defined contribution pension plan
An employee at Sun Life   (Photo credit: Evan C. King)

    Highlights

    Industry Direct life insurance carriers
    Established in Canada 1865
    Publicly traded yes
    Major Canadian locations Waterloo ON, Toronto ON, Montréal QC
    Full-time employees in Canada 12,243
    Part-time employees in Canada 161
    Average age of employees in Canada 41.9 years
    Longest serving employee 52.6 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 70% of the premiums
    Mental health practitioner benefit up to $12,500 each year
    Maternity top-up (mothers) up to 100% of salary for 14 weeks
    Parental top-up (fathers) up to 100% of salary for 14 weeks
    Adoption top-up up to 100% of salary for 14 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 3 months
    Employee performance reviews employees receive individual performance reviews every 12 months
    In-house training initiatives apprenticeship/skilled trades programs, in-house training, online training, mentoring, paid internships
    Annual tuition maximum employer pays up to $30,000 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

    The Career Directory

    Sun Life Assurance Company of Canada Inc. 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
    Major Canadian locations Waterloo ON, Toronto ON, Montréal QC
    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 $30,000 in tuition subsidies for job-related courses per year
    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

    Academic fields recruited

    Recruits at these schools

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