Savings Bonds

Savings Bonds are issued and guaranteed by the Government of Canada and other provinces that issue and guarantee their own bonds including the Province of Ontario, Province of Saskatchewan, Province of Manitoba and Province of Quebec.

Canada Savings Bonds were first issued in 1946. Since their first issue, Canada Savings Bonds (CSBs) have made a number of innovations to keep pace with the savings needs of Canadians. One of these was the introduction of the Canada Premium Bond (CPB) in 1998.

CSBs are well known to many Canadians, owing to their availability through payroll deduction plans at work, and about one million Canadians each year buy bonds this way. The government also advertises CSBs heavily to help market each new issue.

CSBs are unique in that a buyer must be a Canadian resident and are therefore unavailable to foreign purchasers who do not live in Canada.

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