When to start taking CPP/QPP and OAS Benefits
June 3, 2026
Caregiving is no longer just a family matter. It has become a workforce issue.
Somewhere in your organization, one of your most dependable people is quietly holding a lot together. They lead a team, they know your business inside out, and they rarely miss a deadline. What you may not see is the phone call they took at 7 a.m. from their mother’s care home, the specialist appointment they are trying to schedule around a client meeting, or the teenager at home who also needs them. They are not asking for special treatment. They are simply absorbing the strain, day after day, until one day they can’t.
This is not a rare story. It may be the most common one in your workforce.
A Quiet Majority
Caregiving is far more widespread than most employers realize. According to Statistics Canada, roughly 42 per cent of Canadians aged 15 and older, about 13.4 million people, provide unpaid care to a family member or friend. A large share of them are working while they do it. Historically, carer-employees have made up around a third of Canada’s labour force, which means the person managing a parent’s medications or a spouse’s recovery is very likely sitting on your payroll right now.
These are rarely your most junior employees. Caregiving responsibilities tend to peak in mid-career, exactly when people are leading teams, holding institutional knowledge, and driving your day-to-day performance. The employees most exposed to caregiving strain are often the ones you can least afford to lose.
The Sandwich Generation Feels It Most
There is a growing group caught in the middle, caring for aging parents and dependent children at the same time. Statistics Canada estimates that about 2.5 million Canadians between the ages of 35 and 64, roughly 28 per cent of that age group, are part of this “sandwich generation.”
The toll is measurable. A 2025 report from virtual care provider Dialogue found that the sharpest drop in mental well-being was among workers in their forties, and that a meaningful share of sandwich-generation employees were reducing their hours, turning down new opportunities, or taking leaves of absence. Separate Canadian research has found that a majority of sandwich-generation employees have experienced depression or anxiety linked to their competing responsibilities.
In other words, the strain is concentrated among the very people who combine experience, judgment, and leadership. When they burn out, the loss is not just personal. It is operational.
The Business Cost Nobody Budgets For
Most of this cost stays invisible because it does not show up as a line item. It shows up as presenteeism: employees who are physically at work but stretched too thin to perform at their best. Canadian research suggests that presenteeism accounts for roughly two-thirds of caregiving-related lost productivity, with absenteeism making up the rest. One estimate puts the annual productivity loss to the Canadian economy in the range of 1.3 billion dollars.
The national picture backs this up. A 2026 national caregiving survey found that most caregivers are balancing care with paid work, that more than a third of working caregivers see their productivity suffer, and that many are cutting hours or stepping back from advancement to keep up. This is turnover risk, engagement risk, and succession risk, all wearing the same disguise.
A Retirement Problem in Disguise
Here is the part that too often gets missed. Caregiving does not only affect how employees perform today. It quietly erodes their financial future.
A recent survey by the Employee Benefit Research Institute found that employees with caregiving responsibilities carry more debt, hold fewer assets, and report lower confidence about retirement than their peers. Many are dipping into savings or providing direct financial support to the person they care for. Canadian data tells the same story: roughly half of caregivers report financial strain, one in five spend more than 12,000 dollars a year out of their own pocket, and a significant number have stopped saving altogether.
Now layer on another trend. Canadians are working longer. The C.D. Howe Institute reports that the average retirement age climbed to 65.4 in 2025, and that retirement itself is becoming a gradual transition rather than a single date. The employee protecting a parent’s dignity today may be quietly dismantling their own retirement security in the process, and delaying their own exit as a result.
This is exactly why caregiving cannot be filed away as an HR or family matter. It sits at the intersection of health, productivity, financial wellness, and retirement readiness. It is a benefits issue.
What a Caregiver-Ready Benefits Plan Looks Like
Supporting caregivers does not require tearing up your plan or absorbing runaway costs. In most cases, it means designing with intention around needs that are already present in your workforce. Forward-thinking employers are focusing on a few practical areas:
- Flexibility that reflects real life: Flexible hours, remote options, and meaningful caregiver or family leave give employees room to manage the unpredictable without stepping away entirely.
- Deeper mental-health support: Higher paramedical maximums, virtual therapy, and a strong employee assistance program help the people carrying the heaviest emotional load.
- Financial wellness and retirement planning: Access to guidance helps caregivers protect their long-term security while they support someone else’s, closing the retirement gap before it opens.
- Flexible spending accounts: Health and wellness spending accounts let employees direct dollars toward the care costs that matter most to them.
- Communication that actually reaches people: Coverage only helps when employees understand it. Recent Canadian data shows that workers with access to group benefits feel far more supported, but only when they know how to use what they have.
The Pelorus Approach
At Pelorus, we help employers see what is happening beneath the surface of their plan and their people. Caregiving pressure rarely announces itself, but it shows up in claims patterns, in disability trends, in engagement, and in turnover among your most experienced staff.
Our role is to connect the pieces. We design benefits that support caregivers without inflating costs, and we integrate coverage, financial wellness, and retirement planning into a single strategy rather than a set of disconnected policies. The goal is simple: protect the people your business depends on, before the strain they are carrying becomes a cost you did not plan for.
If you are reviewing your plan or preparing for a renewal, it is worth asking a different question this year. Not only what your benefits cover, but who among your team is quietly holding everything together, and whether your plan is ready to hold them up in return.
