Each year you can purchase the CPB and the CSB for your RRSP from early October to April 1* directly from this site, by calling us at 1 888 773-9999, Monday to Friday, between 8 am and 8 pm ET or by visiting your bank, financial institution or investment dealer.

The CPB and the CSB can also be held as investments within a self-directed plan. To contribute the CPB and the CSB to a self-directed plan, visit your bank, financial institution or investment dealer.

The minimum amount that can be purchased or transferred to The Canada RSP is $500 per series and per registration type. The maximum ownership amount is $500,000 per series and per registration type (for exceptions, please see the Terms and Conditions of the bonds). In addition, contributions are subject to the annual limit prescribed by the Canada Revenue Agency. For the 2006 tax year, the maximum RRSP contribution limit is $18,000. Individual contribution limits are based on earned income and may vary from person to person. Check your Notice of Assessment from the Canada Revenue Agency for the previous year to determine your exact contribution limit.

The Canada RSP offers a safe and secure way to enjoy all the benefits and growth of an RRSP, without the need for a self-directed plan.

By law, you are not eligible to hold an RRSP beyond December 31st of the year in which you reach the age of 69. By that time, you must arrange to transfer the proceeds of your RRSP into a RRIF or an annuity that provides you with a retirement income, or you must withdraw the funds and pay income tax on the total proceeds.

*The Minister of Finance may end the sale of bonds at any time.


Terms and Conditions

Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs) are issued subject to terms and conditions approved by the Minister of Finance which are summarized below.

In these terms and conditions:

•	bonds mean the series of compound interest CSBs and CPBs on sale on the date you sign and return this form and purchased pursuant to this form;
•	you means the owner of The Canada RSP;
•	registered plan means a Registered Retirement Savings Plan, a Registered Retirement Income Fund, a Registered Education Savings Plan, a Registered Pension Plan or a Deferred Profit Sharing Plan within the meaning assigned to these expressions by the Income Tax Act (Canada) or provincial legislation; and
•	Trustee means the trustee of The Canada RSP and The Canada RIF.

Buying bonds
Bonds may only be purchased with Canadian currency in any amount subject to a minimum purchase amount of $500 for each series of bonds. The Minister of Finance may end the sale of CSBs and CPBs at any time.

To receive a particular series of bonds, purchase arrangements must be completed on or before the issue date of that particular series. A particular series of bonds may be purchased with the proceeds of a transfer-in from a registered plan up to and including 30 days after the issue date of that particular series.

Who can own bonds
Only a Canadian resident who is eligible to have a Registered Retirement Savings Plan may own bonds in The Canada RSP.

These bonds do not have certificates. Your bonds will be held on your behalf in the name of the Trustee. If you transfer your bonds to another registered plan, they will be held in the name of the trustee of that plan.

The maximum amount of principal that a person may own per series and per type of registration of CSBs and CPBs is $500,000 respectively. A person may own CSBs and CPBs above this limit if they are purchased with the proceeds of a maturing series, or because the person received them upon the death of the owner or a co-owner. Otherwise, the Minister of Finance may order a person to redeem the CSBs and CPBs in excess of the maximum limit. No further interest will be earned on the amount of CSBs and CPBs owned above this limit after the Minister's order to redeem. The Minister of Finance may change the $500,000 maximum ownership limit at any time.

If there is any doubt whether a person is eligible to own CSBs or CPBs and how they are registered, the Minister of Finance has the right to make the final decision.

Compound interest bonds
Compound interest bonds earn, in addition to simple interest, compound interest at the rates determined by the Minister of Finance until the earlier of maturity and redemption based on the interest earned on each annual anniversary of the issue date prior to maturity, except in certain circumstances noted below in Redeeming bonds. Interest will be paid at the time of redemption (please refer to Redeeming bonds below).

Transferring and assigning bonds
Bonds may only be transferred and assigned subject to applicable law and in a manner acceptable to the Bank of Canada, in the following cases:

•	to a trust governed by a registered plan;
•	from a registered plan to the beneficial owner or, upon the death of the beneficial owner, to the beneficiary thereof;
•	to a beneficiary, estate, or trustee appointed under a will if the owner dies or from the estate or the trustee to the beneficiary thereof; and
•	to the owner's spouse in the event of divorce or if stipulated in a written separation agreement in form and substance acceptable to the Bank of Canada.

The minimum amount that may be transferred and assigned for each series of bonds is the lesser of $100 and the balance in bonds.

The minimum amount in bonds that can be transferred and assigned per series for each type of registration to The Canada RSP is $500.

If the bonds are transferred out of The Canada RSP or to The Canada RIF, the bonds will become governed by the respective terms and conditions governing CSBs and CPBs purchased using Form 1 and Form 3.


Redeeming bonds
You can redeem your bonds that are CSBs at any time by writing to the Trustee, which will contact the Bank of Canada.

You can only redeem your bonds that are CPBs on any annual anniversary of the issue date or during the 30 days thereafter by writing to the Trustee, which will contact the Bank of Canada. If you redeem your CPBs during the 30 days following the annual anniversary of the issue date, no interest will be earned for the period following the anniversary date. In the event that evidence acceptable to the Bank of Canada is provided to show:

Contacting the Trustee
Canada Savings Bonds
Registered Products
P.O. Box 2390, Station D
Ottawa, ON  K1P 1K8

1 800 575-5151
1 800 354-2222 (TTY/Teletypewriter)

Contacting the Bank of Canada
Canada Savings Bonds
P.O. Box 2770, Station D
Ottawa, ON  K1P 1J7

1 800 575-5151
1 800 354-2222 (TTY/Teletypewriter)

www.csb.gc.ca

Correspondence
Regular statements will be issued as at June 30^th and December 31^st and sent to the address on record. A maturity notice will also be sent to this address at least 30 days prior to maturity.

A reminder about purchase and issue dates
To receive a particular series of bonds, purchase arrangements must be completed on or before the issue date of that particular series. Although the transfer-in of proceeds from another registered plan to purchase a particular series of bonds will be accepted up to and including 30 days after the issue date, any proceeds received by the Trustee after this period will be used to purchase the series on sale at that time. If there is no series available at that time, the Trustee will return the funds to the sales agent.