This is a perfin (perforated initial) from the Great Western Life Insurance Co in Canada. Perfins were used by companies to prevent theft of postage.
For more info on the different types of this perfin, see pages 5.G.4 to 5.G.6 of this handbook for different variations and you can actually identify which city/office they came from.
https://bnaps.org/PerfinHandbook/PE...20150901.pdfNice stamp.