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Canada Savings Bond

Last updated: January 21, 2019

The sale of Canada Saving Bonds (CSB) and Canada Premium Bonds (CPB) was cancelled as of November 2017. This decision was released in the federal budget on March 22, 2017. A formal communication was sent out to all Payroll Savings Plan owners and contributors from the Canada Savings Bonds Program.

CSB contributions were deducted from monthly pensions until October 2017. The funds (principal and interest) in the Payroll Savings Plan are safe, guaranteed, and will be honoured. Bond series in the plan will continue to earn interest until redemption or maturity, whichever comes first.

Go to the program’s online services to update contact information or sign up for direct deposit to ensure payments are received.

To find out what this announcement means to bond owners, refer to important announcement about the Canada Savings Bonds Program, questions and answers.

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