The United Nations increased the average Canadian life expectancy to 83.26 in 2025, an .18% increase, with the average Canadian woman living to 84. Also, the gender pay gap continues to decrease. So for these two reasons, it’s important that women are proactive about their retirement plan. Saving consistently and as early as possible is also essential for building a secure future.
To get started, think about your financial needs in retirement. Depending on your situation, you may also have to factor in some financial hurdles that may have an impact on your plan. For example, you may have changes in income due to:
- Continuing your education or buying a home
- Raising a family
- Becoming a caregiver to elderly parent(s)
- Becoming self-employed
- Unforeseen work and/or economic changes (i.e. losing your job)
If you’d like additional help to create a plan that meets your financial goals, book an appointment with the Health & Wealth advisors at Canada Life. The service is free with our CEIRP membership.
