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How Canada Life is supporting you during COVID-19. Learn moreOpens a new website in a new window - Opens in a new window

IMPORTANT NOTICE: As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. Learn moreOpens a new website in a new window - Opens in a new window

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Impact of withdrawal tool

See how making early withdrawals from your group retirement and savings plan(s) affects your future retirement income with this calculator.

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Pay yourself first

Does it feel like there isn’t much money left in your paycheque after the government takes its share? Then pay yourself first – before the government taxes you. Payroll deductions can be deposited directly into your retirement plan before income tax is calculated. Here’s how it works.

Early withdrawal from savings

Making early withdrawals from your group retirement and savings plan(s) can decrease your future retirement income in more ways than you may know. Learn how your savings can be impacted by even a small withdrawal.

The impact of early withdrawal

Withdrawals jeopardize your retirement income in the future and can cost you thousands of dollars in taxes today. Don’t sacrifice your retirement income before you know the facts.