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How Canada Life is supporting you during COVID-19. Learn more

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Benefits and savings solutions for small businesses

Great things come in small packages

Choose from benefits and savings plans created for companies with up to 75 employees

Why offer a benefits or savings plan?

If you’re a small business, choosing a benefits or savings plan might seem like a big step. It can also be a great way to separate yourself from the competition, as 86% of plan members Footnote 1 agree that their health benefit plan is an important factor when deciding on a job offer.

Offering a benefits or savings plan not only helps you attract and keep top talent, it’s also affordable, costing as little as 1 - 5% of payroll. No matter the budget, we’re here to help you choose the right plan without compromising your bottom line.

Here’s how a plan can help

  • Keep talent

    A benefits or savings plan can help you find and keep top talent, staying competitive.

  • Boost morale

    Benefits or savings can help boost morale and increase productivity.

  • Improve health

    Coverage can help employees stay healthy and reduce time off.

  • Affordability

    A benefits or savings plan is low-cost for you and high value for your small business.

Which plan is right for your business?

Canadian companies come in all shapes and sizes, so doesn’t it make sense to find a benefits or savings plan that does too? Let’s design a benefits or savings package that fits your small- or medium-sized business’ needs, size and budget.

Looking to add a savings plan?

It can cost less than you think and help you attract and keep employees. You can offer things like:    

  • Registered retirement savings plan (RRSP)
  • Tax-free savings account (TFSA)
  • Deferred profit-sharing plan (DPSP)

Are you a business of 2, or self-employed?

We have benefits plans to help you, too, with coverage for things like:

  • Prescription drugs
  • Dental and vision care
  • Paramedical services
  • Travel insurance
  • Virtual health

Contact us to learn how our benefits and savings solutions can help your small business

Why us?

With Canada Life, you can expect more for your employees and their families. Like you, we’re committed to equipping everyday Canadians for life as they know it – whatever that may look like. With us, your employees can expect the industry’s best integrated group benefits and retirement savings experience, geared to each person’s unique needs.

We’re a leading provider when it comes to group benefits and group retirement savings in Canada.

  • Established record

    We have an established record of supporting small businesses in Canada. Our rich history brings great expertise. We helped over 27,000 employers provide benefits plans and more than 9,000 employers offer savings plans.

  • Number one provider for small-business owners in Canada

    We serve 1 in 3 Canadians, and we’ve been doing it for more than 170 years.

  • Holistic well-being

    We take care of your employees’ overall well-being - their financial, physical and mental health. Canada Life is the nation’s only truly integrated provider.

Benefits and savings solutions for your small business

Ready to explore your options? Complete this form to learn more about what Canada Life has to offer small businesses and we’ll connect you with someone within the next business day. We can also help you find a local advisor in your area.

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How we’re supporting small businesses during the pandemic:

Working through the COVID pandemic has been a challenge to say the least and small businesses have taken the brunt of the resulting economic strain. The good news is that Canada Life has continued to be there for small businesses to help you weather the storm and get back to business.