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Total Invested Assets and Related Net Investment Income - Narrative (Details)
 12 Months Ended
Dec. 31, 2020
CAD ($)
$ / square_foot
Dec. 31, 2019
CAD ($)
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Derivative liabilities $ 1,744,000,000 $ 2,040,000,000
Net ineffectiveness on fair value hedges (1,000,000) (1,000,000)
Financial assets $ 168,785,000,000 $ 152,785,000,000
Repurchase agreement interest rate 0.37% 1.81%
Financial assets, at fair value $ 175,070,000,000 $ 156,591,000,000
Carrying value of securities lent 2,208,000,000 1,850,000,000
Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial liabilities, at fair value 1,233,000,000 972,000,000
Mortgages and loans    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 49,946,000,000 48,222,000,000
Financial assets, at fair value 56,231,000,000 52,028,000,000
Asset-backed securities    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets $ 8,805,000,000 8,402,000,000
Mortgages: | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Risk-adjusted spreads 20 years  
Asset-Backed Securities In Principal Reinvestment Account    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets $ 145,000,000 124,000,000
Financial assets | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 12,327,000,000 10,170,000,000
Securitized mortgages    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 1,781,000,000 1,587,000,000
Financial assets, at fair value 1,873,000,000 1,592,000,000
Cash And Cash Equivalents In Principal Reinvestment Account    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 0 0
Transferred Assets    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets, at fair value 2,208,000,000 1,850,000,000
Securities lending    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Carrying value of securities lent 1,974,000,000 2,006,000,000
Collateral associated with securities lending    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Carrying value of securities lent $ 2,063,000,000 2,128,000,000
Loans | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Risk-adjusted spreads 10 years  
Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 7 days  
Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 365 days  
Weighted average    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 86 days  
Securitized mortgages    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial liabilities $ 1,912,000,000 1,715,000,000
Financial liabilities, at fair value 2,032,000,000 1,734,000,000
Fair value through profit or loss | Asset-backed securities    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 6,742,000,000 5,568,000,000
Fair value through profit or loss | Financial assets | Level 2    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 43,904,000,000 41,858,000,000
Measured at fair value    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Derivative liabilities $ 1,744,000,000 $ 2,040,000,000
Discounted cash flow | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Rental growth rate (per annum) 0.00%  
Long-term vacancy rate 2.00%  
Discount rate 4.00%  
Terminal capitalization rate 4.25%  
Discounted cash flow | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Rental growth rate (per annum) 3.00%  
Long-term vacancy rate 10.00%  
Discount rate 10.25%  
Terminal capitalization rate 8.75%  
Discounted cash flow | Retail and office properties | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) | $ / square_foot 12.00  
Discounted cash flow | Retail and office properties | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) | $ / square_foot 76.00  
Discounted cash flow | Industrial properties | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) | $ / square_foot 3.00  
Discounted cash flow | Industrial properties | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) | $ / square_foot 21.50  
Discounted cash flow | Investment property    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Expected return period 10 years  
Scenario, Forecast    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Reclassification adjustments on cash flow hedges, before tax $ 6,000,000