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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 VRSP* is a savings plan offered by employers to their employees in order to help them reach their retirement savings goals. You are required to offer one if you do not already have a group RRSP, TFSA or RPP.  

It is voluntary, meaning both the employer and employee decide whether they want to contribute.

You are required to enrol your employees in a VRSP if:

Canada Life has been paying claims for 150 years. Work with one of our trusted advisors to help build a plan for you.