Canada Savings Bonds
Posted: Sep 17, 2009
Please note that the deadline for contributing to a new CSB for 2009 has now passed. The following information is for future reference only:
Saving for your dreams doesn't have to be challenging. Purchase the Canada Savings Bond (CSB) through the Payroll Savings Program for a safe, simple and secure way to plan for your future.
By participating in the Payroll Savings Program, your bond purchases are deducted from each pay and start earning interest quickly.
Purchasing a CSB is as simple as these three steps:
- 1. Decide how much you want to contribute per pay.
There is a minimum bi-weekly contribution of $4 for the bond or $20 for the RRSP option.
- 2. Sign up to E-Campaign.
Complete an application form available from the administration office or at www.csb.gc.ca. Once you are signed up, your automatic deductions will start with your first pay in December and continue until you want to make a change or stop your purchase.
- 3. Sign and return your form.
If you completed a paper application form, it must be received by Mark Bennett at the administration office.
Your savings will grow safely thanks to compound interest and being fully backed by the Government of Canada. You can access your bonds at any time online at www.mybonds.gc.ca or over the phone, so your money is always there when you need it.
If you are already purchasing bonds through the Payroll Savings Program, your deductions will continue. To change the amount you're currently investing, please complete the Payroll Deduction Change Form available from the office. (It can also be downloaded from the Canada Savings Bonds website at www.csb.gc.ca under the Forms and Material section.)
If you have any questions please visit www.csb.gc.ca, or speak with our Campaign Director.