Invest in your future today
The Canada Savings Bond and The Canada RSP.
Putting money away for retirement doesn’t have to be a complex
process. When you have the right investment and the right plan, saving
for tomorrow can be as easy and comforting as enjoying a warm sunset at
your prospective retirement retreat.By purchasing the Canada Saving
Bond (CSB) within The Canada RSP – a no-fee savings plan specifically
designed to hold the CSB – you’ll make a secure investment every time
you get paid. You will also enjoy tax-sheltered growth while your bonds
remain within The Canada RSP.
Together the Canada Savings Bond and The Canada RSP offer you sound
investment benefits:
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You’ll keep your money – you pay absolutely no fees to
purchase, hold or redeem your bonds and your investment is fully
backed by the Government of Canada; |
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You’ll earn money – your bond’s interest rate is
guaranteed for the announced period and may
even go up; |
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You’ll be kept up to date – you’ll receive semi-annual
statements outlining your contributions and earnings. |
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The bonds you purchase will earn compound interest for the
time they’re held in The Canada RSP. At the end of the day by
investing in the Payroll Savings Program, your dreams of
retirement will become much more of a reality.
You can purchase your own Canada Savings Bonds in The Canada RSP for
as little as ten dollars per week.
Watch your savings grow.
To make planning your future
easier please use our
RRSP Calculator. You'll find out how much you'll need to save for
retirement and how much you should be contributing each year.
Already own CSBs?
Any unmatured compound
interest CSBs you already hold can be contributed at any time to The
Canada RSP for tax-deferred growth, up to the maximum contribution
allowed and subject to your personal RRSP contribution limit under the
Income Tax Act (Canada). The minimum transfer amount is $500 per
series.
To learn more about the CSBs transfer to
RRSP, call Customer Service at toll-free 1 877 899-3599 (TTY:
1 800 354-2222) Monday
to Friday, 8 am to 8 pm ET.
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