Doesn't the Canadian government offer disability coverage?

Yes, the Canadian government provides disability coverage through the Canada Pension Plan (CPP). As of 2023, the maximum monthly CPP disability benefit is $1,538.67. This amount, while offering essential support, is generally lower than what private disability insurance plans can offer. Private plans may provide benefits up to $25,000 per month, depending on various factors such as your occupation and pre-disability income.

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Furthermore, the CPP requires a severe and prolonged disability for eligibility, whereas private plans might have more lenient definitions of disability, potentially allowing for benefits under a broader range of conditions.