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

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

A DPSP is a way for your employer to help you save for the future.  

They do this by taking part of the company profits and distributing those funds into designated account for eligible employees. Only your employer can contribute to your DPSP, but you may be able to choose how that money might be invested.   

Because a company’s profits may vary over the years, the amount your employer contributes to your DPSP can change and is at their discretion.  

Not all employers offer a DPSP, or other retirement savings plans like group RRSPs or pensions.

If you are looking for ways to be proactive about your financial future, we offer a wide range of ways to help you save.