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It is important to understand how insurance policies work, so you can appreciate why your insurance company gets to reduce what it pays you – dollar-for-dollar – based on what you get from CPP disability.
If your employer wants to save money and buys a cheaper policy, you can be sure it will have clauses that are not great for you.
For example, a common clause that angers people is the one that gives insurance companies the right to deduct CPP disability payments.
Theoretically, you or your employer could buy a policy that didn’t include the CPP deduction, but it would cost more.
So almost long-term disability insurance policies, allow for a CPP deduction because this clause results in lower monthly premiums.
Even my own personal disability insurance policy allows for a CPP deduction, and I chose it that way because it is much less expensive.