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SISIP FINANCIAL SERVICES

For almost 40 years, SISIP Financial Services (SISIP FS) has been providing financial products and services exclusively to serving and former members of the CF and their families. SISIP FS understands that careers in the CF have unique requirements and needs, and that is why its financial products and services are tailored to the military lifestyle. It also has a team of dedicated professionals located in 18 offices across Canada.


Contribution to the CF Community

SISIP FS enhanced the lives of many in the CF community by financially contributing to these causes:

  • CFPSA Morale and Welfare Unit Grants $2.5 million
  • CF Youth Program $950,000
  • Volunteers’ Recognition Program $100,000
  • Annual CF Sports Award Ceremony $50,000
  • OP Santa Claus
  • Partner of the “March 1st I Quit” smoking cessation challenge

Insurance Services Division

SISIP FS insured almost 122,000 CF serving and former members along with their spouses/partners under various term life insurance plans. More than $29 million in life insurance benefits were paid to beneficiaries. SISIP FS also introduced the new Insurance for Released Members (IRM), replacing Coverage After Release (CAR). Maintaining the same competitive rates as CAR, the IRM also includes a great additional feature not previously available under CAR: accidental dismemberment benefit for dependent children.


Financial Planning Division


Financial Planning
Provided comprehensive financial planning services, including advice and investment products, to over 4,300 clients with more than $75 million in investments under management.

Financial Counselling
Financial counsellors assisted over 9,000 CF members and their spouses by providing timely advice and assistance to those who were experiencing financial difficulties.

Personal Financial Management Education Program
Over 7,000 recruits, officer cadets and junior and senior supervisors participated in the various personal finance courses offered through formal CF training programs.

CF Personnel Assistance Fund (CFPAF)

CFPAF provided $12 million in financial distress loans and grants, self-improvement loans, and educational assistance loans to approximately 5,000 CF personnel, their spouses/partners and dependents.

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