Canada Savings Bonds (CSBs)

are federal government savings bonds of up to 10 years to maturity, purchased through payroll deductions, branch networks and advisors. Prior to 1998, they were cashable without penalty after the first three months. Beginning in 1998, there were two new categories of Canada Savings Bonds issued—a premium bond and an RRSP bond, both of which have restrictions on cashability. These bonds are included in long-term discretionary financial assets.

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