l Your Financial Wellness Ally

At Last

An Employee Benefit They'll Gladly Use

At Watafalls we’re not just redefining benefits; we’re shaping the future of employer-employee relationships with innovative solutions that attract, nurture, and retain top talent.

Our programs increase financial wellness in the workplace through education and reward incentives.

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We're Your Financial Wellness Ally

Time to Think Outside the Box

The cost of living crisis has increased your staff’s financial stress. Through education, coaching and guidance, you can help them get back in control of their money – all while seeing strong engagement across your financial well-being benefit.

57%

Of employees say finances are the top cause of stress in their lives.

Rate Buydown

93%

Of the majority of Employee Assistance Plans are underutilized.

Infinity Plan

42%

Of the workforce are currently seeking out a new employer this year.

91%

Of employers see higher staff satisfaction when offering financial wellness tools.

Robert Half Survey, 2023

Bank of America Survey 2022

Popular Courses

Time to Think Outside the Box

STOP POURING GOOD MONEY DOWN THE DRAIN

Years Of Quality Fiancial Wellness Education
0 +

Highly skilled professionals expect not just a base salary that’s in line with what other firms are offering but also a choice of benefits and perks that are equally competitive.

REINFORCE EMPLOYEE USAGE WITH CONTRIBUTION MATCHING

Aid team members in reducing costly living expenses once they’ve mastered their cash, debt and credit management.  

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HOW IT WORKS

EMPLOYEE COMPLETES A COURSE

REACHES A SELF-SET FINANCIAL GOAL

RECEIVES EMPLOYER MATCH REWARD

ONE BENEFIT

UNLIMITED PERKS

get the most out of your benefits budget

COMPETITIVE ADVANTAGE

Keep top talent from wandering by rolling out our trailblazing Financial Wellness Plan.

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FLEXIBILITY

Our pay-per-use option masters cost-efficiency by stretching your budget in all the right ways.

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UTILIZATION

Regular, active communication across multiple channels enhances visibility and boosts engagement.

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ENHANCED CORPORATE IMAGE

Showcase your organization's dedication to assisting employees with the increasing cost of living.

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Home Financing

See How

Legal Fees

Home Sale

See How

Home Furnishing

See How

HELP REDUCE COSTLY LIVING EXPENSES

Offer A Client Reward They'll Actually Use

Car Purchase or Repair

See How

Popular Courses

Gain Access To Unbiased Experts

Years Financial Guidance
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Flexible One-On-One Coaching

A doctor does not prescribe the same medicine to every patient, nor do we.

To aid their progress after completing the course, learners may opt to be paired with an accredited Personal Financial Coach for more indepth tailored advice and support.

With years of coaching experience, it’s like having a financial BFF who’s got your back.

Employees can chat about specific personal finance challenges and discover options to move them forward.

Customized one-on-one support. Coaching sessions can be delivered in person or over Zoom.

Financial Strategy Sessions offers feedback on your team member’s financial gains, debt and credit management.

Employees can chat about specific personal finance challenges and discover options to move them forward.

Customized one-on-one support. Coaching sessions can be delivered in person or over Zoom.

Financial Strategy Sessions offers feedback on your team member’s financial gains, debt and credit management.

Service Partners :

1. Acsess-Logo
2.CanadianHomeBuilders-Logo
3.Law Society-Logo
4.OFSI-Logo
5.Solidifi-Logo
6. Realtor.ca-Logo
What's In It For You?
  • 100% Tax Deductible
  • Stand alone platform
  • Up to 77% retention rate
  • Fully digital employee enrollment
  • Flexible contributions and matching
TAKE A LOOK

Be Recognized For The Rockstar You Are!

Combat Turnover
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Bolster Well-being
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Cost Effective Solution
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100%

Tax Deductible

SAY LESS. I'M IN!

Demo

Talk To Financial Wellness Manager

  • Dedicated Account Manager

Drawing on years of experience, your account manager will work closely with your team to determine your needs and ensure they are delivered.

  • Budget Friendly Options

Review a variety of plan options and product recommendations that aligns with your budget and desired outcome.

Request A Demo

Get in touch with an Assistance Manager to discuss your organization’s requirments. 

Testimonials

What our clients say about us

"The technology-driven approach of Watafalls is refreshing. The simplicity of the platform and the proactive assistance in managing my mortgage have made a significant difference. A forward-thinking solution in today's economic landscape!"

Sima F

I appreciate the commitment watafalls has to constant communication. It's reassuring to never be in the dark about my mortgage process. The benefits offered, especially the employer-subsidized down payment, go above and beyond."

Warner

The Mortgage Assistance Plan truly demonstrates the company's commitment to employee well-being. The non-taxable benefit not only lowers my monthly mortgage but also guarantees better rates, providing valuable support in today's cost of living."

Donna M

The Mortgage Assistance Advantage

Show existing employees and prospective hires that their role in the organization is valued by their company’s commitment to fostering a culture that prioritizes their physical, emotional, and financial well-being.

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17K+

Mortgages Assisted

Be a part of a growing community dedicated to reshaping the employee benefits landscape!

Mortgage Solutions

Navigate Homeownership with Confidence

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At Watafalls, we are enhancing the employee benefits landscape by expanding on ways to support employers and employees across Canada.

Get in Touch

  • 339 Queen East, Toronto ON
  • hello@watafalls.com
  • (647)-267-8289
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Copyright © 2024 Watafalls, All rights reserved.

HOW IT WORKS

ACCESS

Employess Opt-In by registering for a financial wellness course

SET GOALS

Select a financial goal
1. Decrease debts
2. Increase Savings
3. Repair Credit

REWARD

Employer matches the full Dollar amount or a percentage equal to the employees financial goal once they reach it

Funds are used towards big ticket items

Buydown Mortgage Rate

Rent Relief

Car Purchase / Repair

Home Furnishing / Appliances

Other

use funds to towards reducing:

Rent

Lower Mortgage Rate

Lawyer Fees

use funds towards reducing:

Realtor Commission

Legal Services

Home Inspection / Appraisal

use funds towards purchasing:

Furniture

Electronics

Appliances

use funds towards:

Car Repair

Car Purchase

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6.44%

2 Year Fixed
Get This Rate

5.44%

3 Year Fixed
Get This Rate

5.19%

5 Year Fixed
Get This Rate

6.25%

5 Year Variable
Get This Rate
View More Rate Options

The Mortgage Assistance Plan (MAP) is an Opt-in program designed to assist concerned employers looking for ways to support homebuying or homeowning employees with the high cost of borrowing. 

A dedicated specialist has been contracted to provide assistance with the mortgage financing process.  Staff will benefit from closing cost credits,reduced rates various service discounts along with mortgage education and training.

All employees of the company are entitled to the Infinity Program. Benefits include:

  • Cash Rebate
  • Reduced Interest Rate
  • Discounted services
    • Legals
    • Appraisals
    • House Inspections

Your employer may also chose to subsidize your mortgage costs they will reduce your cost of borrowing further by:
1. Buying down your lalready low interest rate; or
2. Gifting a portion of your down payment or
3. Providing additional monthly pre-payment installations to pay your mortgage down faster

First you must opt into this plan by completing a one minute registration. Please check your company email account for an invitation link to the registration page.

The Standard plan is non-taxable.


The subsidized portion from your employer is a taxable benefit which will be calculated and shared with you by your benefits team members prior to disbursement.

The Standard Program Rates are generally discounted a percentage below the banks posted rates.


The subsidized rates are further discounted at a basis points predetermined by your employer.

Quick answer: No.

You are responsible however for any lender costs associated with setting up a mortgage such as:

  • Discharge Fees 
  • Early payout penalities
  • Realtors
  • Appraisal
  • Legal
  • Home inspection and other applicable service fees

Benefits are intended for the direct enjoyment of the employee. You will however be able to rent a portion of your home at which point your mortgage interest becomes tax deductible.

A Cashback is directly tied to the mortgage amount, term and interest rate, which are typically half a percent greater or more than non-cashback rates.

The MAP Cash Rebate is still determined by the mortgage amount however, participants continue to benefit from the discounted rates, no matter the term.

For greater cash in hand, you may opt to select both.

Funds are typically dispersed within 30 days of closing.

The savings and low rate for the Standard program will remain in effect. Any subsidized benefits are effective for the length of your employment. Any portions not covering your  employment tenure must be repaid  on or before your last day of service. Please contact HR to discuss further.

The Mortgage Assistance Plan (MAP) is an Opt-in program designed to assist concerned employers looking for ways to support homebuying or homeowning employees with the high cost of borrowing. 

A dedicated specialist will provide assistance to new and existing with the mortgage financing process.  Staff will benefit from closing cost credits, reduced interest rates and various mortgage financing service discounts along with onsite and/or virtual financial education and training.

All employees will receive access to our Infinity Plan. Perks include:

  • Cash Rebate
  • Reduced Interest Rate
  • Discounted services
    • Legals
    • Appraisals
    • House Inspections
    • And more

You may also chose to reduce your staffs cost of borrowing further by:1. Buying down their already low interest rate; or
2. Gifting a portion of their down payment or
3. Providing additional monthly pre-payment installations help pay their mortgage down faster.

Spending budget is set by you. Should you choose to take advantage of our paid services, please see Subscription Model HERE To get an idea of how much it will cost to buydown an employee rate, please see Rate Buy Down Calculator.

Simple.

1. Click on the Get Started link.

2.Complete the 3 minute registration form.

3. Your account will be set up within hours of submitting your application and a notification email sent to the work address provided.

The Infinity plan is non-tax deductible as the rebates and savings are incurred at our end.

The subsidized portion of  your employee's interest rate or down payment is indeed tax deductible.

NOTE:  Please consult a licensed CPA for full details.

Rates received under the Infinity plan are generally discounted a percentage below the bank's posted rates.

Employers may choose to further discount all or select employees' interest rate or mortgage balance at a basis points predetermined by your benefits team.

NOTE:  The basis points or it's cash equivalent cannot fall below the CRA's precribed rate.  Please consult your company's CPA for more details.

Quick answer: No.

Employees are responsible however for the usual lender costs associated with setting up a mortgage:

  • Discharge Fees 
  • Early payout penalities
  • Lender fees
  • Realtor
  • Appraisal
  • Legals
  • Home inspection and other applicable service fees

A Cashback is directly tied to the mortgage amount, term and interest rate, which are typically half a percent greater or more than non-cashback rates.

The MAP Cash Rebate is still determined by the mortgage amount however, participants continue to benefit from the discounted rates, no matter the term.

For greater cash in hand, you may opt to select both.

Funds are typically dispersed within 30 days of closing.

The savings and low rate for the Infinity plan will remain in effect.

The subsidized benefit is effective for the length of their employment.

If an employee ceases employment with the organization within five years of receiving Mortgage Assistance Perk, you may request that they the entire or partial monetary amount of the subsidy is repaid.

Please contact HR to discuss further.