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Transfer/Redeem from a Deceased Owner
Documents required to redeem Government of Canada Retail Debt instruments from a deceased registered owner or to transfer to a beneficiary(ies)
For all provinces except Quebec
(For Quebec estate information, please contact 1 800 575-5151 / TTY 1 800 354-2222 Monday to Friday 8 am to 8 pm Eastern Time.)
When applicable, physical Government of Canada Retail Debt Instruments (certificates/bonds) must be presented.
Government of Canada Retail Debt Instruments Registered with Rights of Survivorship
(Registration example: John Smith and Mary Smith and survivor)
When a Government of Canada Retail Debt Instrument is registered in two or more names with the words AND SURVIVOR, and one or more of the registered co-owners die, registration of the debt instrument may be transferred to the survivor(s) when proof of death* of the deceased owner(s) is presented.
* A proof of death acceptable to the Bank of Canada as outlined in Proof of Death at the end of this document must be provided.
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Government of Canada Retail Debt Instruments Registered to co-owners
(Registration example: John Smith and Mary Smith)
When a Government of Canada Retail Debt Instrument is registered in two or more names without rights of survivorship and one or more of the registered co-owners die, no rights to a transfer of registration automatically accrue to the remaining owner(s). In order to transfer the debt instrument the appropriate documentation is required.
(Refer to Estates below)
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Estates
For Estate value limits and documentation requirements refer to the Bank of Canada Business Rules
When a certificate such as Letters Probate or Letters of Administration has been issued by the court, the following must be provided:
A notarial/court certified copy of Letters Probate with a copy of Will annexed or Letters of Administration Form 2351 Transfer/Redemption of Government of Canada securities from a deceased registered owner to a beneficiary(ies)
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sections 1, 2 and section 4 must be duly completed |
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sections 3A, 5, 6, 7 must be complied with |
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must be dated and signed by the appointed estate representative(s) |
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the signature(s) must be guaranteed by a Canadian Financial Institution OR signed in front of a Notary Public under signature and seal of office |
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Died with a Will (Testate)
When no certificate was issued by the court for any other assets, (e.g., Letters Probate), the following must be provided:
A notarial certified copy of the Will with the notary's signature and seal of office. Any survival clause in the Will must be respected. A proof of death that is acceptable to the Bank of Canada as outlined in Proof of Death. Form 2351 Transfer/Redemption of Government of Canada securities from a deceased registered owner to a beneficiary(ies)
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sections 1, 2, 3B and section 4 must be duly completed |
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sections 5, 6, 7 must be complied with |
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must be dated and signed by the appointed estate representative(s) |
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the signature(s) must be guaranteed by a Canadian Financial Institution OR signed in front of a Notary Public under signature and seal of office |
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Died without a Will (Intestate)
When no certificate was issued by the court for any other assets, (e.g., Letters of Administration), the following must be provided:
A proof of death that is acceptable to the Bank of Canada as outlined in Proof of Death. Form 2351 Transfer/Redemption of Government of Canada securities from a deceased registered owner to a beneficiary(ies)
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sections 1, 2, 3C, 4 must be duly completed |
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sections 5, 6, 7 must be complied with |
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must be dated and signed by the appointed estate representative(s) |
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the signature(s) must be guaranteed by a Canadian Financial Institution OR signed in front of a Notary Public under signature and seal of office |
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Proof of Death
One of the following is acceptable to the Bank of Canada:
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an original Death Certificate issued by a Provincial Registrar or a notarial certified copy with a notary's signature and seal of office or certified by a Canadian Financial Institution. |
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an original Death Certificate from an undertaking establishment issued under corporate seal and original signature or a notarial certified copy with the notary's signature and seal of office or certified by a Canadian Financial Institution. |
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an original Death Certificate issued by a church under seal and minister of religion's signature or a notarial certified copy with the notary's signature and seal of office or certified by a Canadian Financial Institution. |
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an original certificate of finding issued by a coroner properly identified or a notarial certified copy with the notary's signature and seal of office or certified by a Canadian Financial Institution. |
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NOTE:
Any difference in name between Government of Canada Retail Debt Instruments and legal documents should be covered by a letter of guarantee from a financial institution or a lawyer stating e.g., John Doe, John H Doe and John Harry Doe are one and the same person.
In most cases, original legal documents will be returned.
Government of Canada Retail Debt Instruments, legal documents and correspondence should be mailed to:
Canada Savings Bonds
Transfer & Exchange Unit
PO Box 2770, Station D
Ottawa, Ontario K1P 1J7
If you require more information in this regards, please call:
for the Public 1 800 575-5151 / TTY 1 800 354-2222
for Financial Institutions 1 888 646-2626
(Monday to Friday 8 am to 8 pm Eastern Time)
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