Skip to main content

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. Discover the new Canada Life

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. Discover the new Canada Life

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

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

Mental health and wellness

Key takeaways

  • Experiencing mental health challenges is very common.
  • There is help available, including tips and strategies to help boost your mental wellness.

According to the Centre for Addiction and Mental Health, 1 in 5 Canadians will experience a mental illness in any given year – and by the time Canadians turn 40, half will have or have had a mental illness.

Case in point: In a 2024 survey conducted for Bell Let’s Talk Day, which encourages Canadians to be more open about their mental health, 1 in 4 adults reported moderate to severe symptoms of depression, anxiety or PTSD.

And even if you aren’t experiencing a serious mental illness, we all experience stressors – busy work and family lives, loneliness, money worries, physical health challenges – that can impact our mental health and wellness.

Why is mental health important?

Just like any other part of your body, when you are mentally healthy you are more able to cope – and even thrive – with the things that life throws at you, building resilience, and be a contributing part of a community that you’re connected to.

As the World Health Organization puts it: “ It is an integral component of health and well-being that underpins our individual and collective abilities to make decisions, build relationships and shape the world we live in.”

What are some common mental health concerns facing Canadians? 

While there are certain mental illnesses that can impact your mental health, there are also some common stressors or situations that can impact your mental wellness as well.

These could include:

Burnout

Characterized by feeling overwhelmed and emotionally exhausting, burnout is a mental health issue with a growing impact.

Self-doubt and imposter syndrome

Feeling like you’re not good enough or not up to the task can have a profound effect on our professional and social lives.

Stress

Whether it’s financial, social or emotional, poorly managed stress in your personal life or at work can have a negative impact.

Starting a new job

Starting a new job can be an exciting time. It can also come with apprehension, fear and stress.

Career planning

Asking yourself questions about your work history can determine what might help you enjoy work in the future.

Work Life Balance

Stress can be better managed when we learn how to manage workload and work−life balance.

Setting Healthy Boundaries At Work

Setting healthy boundaries helps support mental well-being.

Difficult conversations

A difficult conversation usually means one or both parties experience strong emotions, like anger, fear or frustration.

Giving and receiving feedback

If you can give criticism in a clear way that effectively corrects problems or mistakes, it’ll be helpful for you. Unfortunately, some of us are more likely to offer hurtful or confusing criticism.

Loneliness

Directly linked to overall health, life and work satisfaction outcomes, a lack of social connection can impact mental wellness.

Change

Transitional periods can be tricky to cope with and can take a toll on mental wellness.

How can Canadians look after their mental health?

A mental health professional can provide you with tailored advice and treatment that’s right for your specific needs. 

For more general tips and strategies, Workplace Strategies For Mental Health is a great resource for evidence-based suggestions.

What’s next?

  • Speak to a mental health professional if you’re worried about your mental health.
  • Get tips and strategies for boosting your mental wellness from Workplace Strategies for Mental Health.

The information provided is accurate to the best of our knowledge as of the date of publication, but rules and interpretations may change. This information is general in nature, and is intended for informational purposes only. For specific situations you should consult the appropriate legal, accounting or tax advisor.