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Financial Planning & Investments

CAF Savings Plans

Are you a “do-it-yourselfer”? Automate your savings and shrink your bucket list.

A new pastime, a summer home, a dream vacation? They’re all on target. Start with as little as $25 per month from your bank account. 

CAF members, Veterans and their spouse, benefit from group savings on fund management fees. With this DIY savings plan, choose from registered, non-registered, tax-free savings, and RRIF investment options. 

Key Benefits

Joining a group retirement and savings plan is a great way to start and offers you advantages, such as: 

  • Easy and convenient with contributions from your bank account 
  • Lower investment management fees
  • Non-registered, RRSPs, TFSAs, Spousal Plans, and RRIFs
  • A wide variety of world-class investment managers
  • Professionally managed portfolios from low to high risk with auto-rebalancing feature
  • Customized member statements with personalized rate of return
  • Flexible guaranteed compound GICs
  • One-on-one telephone calls or video chats with a licensed Canada Life Freedom Experience consultant to help you from opening your account to answering questions about your account

Want to find out what kind of investor you are? Complete the investment personality questionnaire.

How to Enroll - For CAF Members & Veterans

*Important notice for Quebec Residents*

Step 1:

Visit the Canada Life Self-Service website to enroll or enter as a guest: www.grsaccess.com  

Step 2:

Insert the following information:

Access ID: CAFSP05
Password: C37RLhvr

In the employment section:

  • Employee number – please enter your Service Number
  • Employment date – use today’s date or leave blank
  • Province or territory – please enter your province or territory of residence

*Special instructions for spouses: 

You have two options:

1. Open your own plan.

  • Application form is completed online
  • The Service Number of the member is required on the application in the Employer Number field
  • Replace the last digit of Service Number with 'S' in Employer Number field of application form

Or

2. You may open a spousal RRSP plan. 

  • A paper application form is required for spousal RRSP applications. 
  • Please log into the site, click on ‘Visit guest site’ / ‘Join the plan’ / ‘Clickable forms’
  • The Service Number of the member is required on the application in the Employer Number field
  • Replace the last digit of Service Number with 'S' in Employer Number field of application form 

*Special instructions for Non-registered savings plans:

  • Canada Life will be emailing you a form to complete and return. This process complies with anti-money laundering legislation.

Need Help? 

You can book an appointment for a 30 minute one on one telephone call or video chat with a licensed Canada Life Freedom Experience Consultant to answer any questions you have with the program or help you enroll. 

  • Plan name: Canadian Forces

  • Plan number: 62498 

  • If you prefer to have a video chat instead of a phone call, please indicate that you want a video chat with the contact info in the ‘What can we help you with?’ section when booking an appointment

Alternatively, bilingual Canada Life client service representative is available to assist on Access Line from 8 a.m. to 8 p.m. ET weekdays at 1-800-724-3402.

  • Plan name: Canadian Forces
  • Plan number: 62498

Investment management fee, expense and schedule of fees

No fees for annual service, setup and transfers between funds. Please see the fee schedule and the addendum for more information.

My Canada Life at Work app

Review your savings even when you’re on-the-go with the My Canada Life at Work™ app.

With the app you can easily keep your savings top of mind and track your retirement income goal. We’ll add more features over time, but you can sign in now to view your savings plan balance, contributions and growth.

Keep your info safe with fingerprint or face ID and other enhanced security features. You can review and manage your plans – anywhere you want.

Have questions about the app? Call us at 1-888-222-0775, Monday to Friday from 8 a.m. to 8 p.m. ET.

Get the app now

Download the My Canada Life at Work app from your app store.

Frequently Asked Questions

Additional Resources

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