Redeem Your Bonds
All Canada Savings Bonds and Canada Premium Bonds reached maturity and stopped earning interest. Cash in your bond certificates by bringing them to the financial institution where you bank or invest.
1. Find your certificate
Certificated CSBs and CPBs take the form of a physical paper bond certificate. The physical certificate is required to redeem the bond.
If you cannot locate your certificated CSBs or CPBs, follow the lost bond process.
If your CSBs or CPBs are not paper certificates and were purchased through an investment dealer, the Payroll Savings Program or The Canada RSP Plan or The Canada RIF, find out how to redeem these types of bonds by clicking on the appropriate bond type.
2. Review your bond’s important features
Important information related to your bond is printed directly on the bond certificate.
1. Certificate number: This is your bond’s unique identifier. It may be used to make account changes.
2. Series number: This number helps find historical rates associated with your bond.
3. Maturity date: All bonds reached maturity and stopped earning interest and should be redeemed.
4. Par value: This is the nominal value of your bond at the time of purchase.
5. Interest type: If your bond earned compound interest, you would have received the value of the interest earned upon redemption. If your bond earned regular interest, you should have received regular interest payments up to your bond’s maturity date. Contact us if you believe you have not received your interest payments.
6. Registered owner(s): The person who is entitled to the funds associated with the bond certificate. Bonds can be co-owned, with more than one name printed on the certificate.
3. Determine required signatures
The signatures of all registered owners are required to redeem bonds.
Ownership | Signature(s) required |
---|---|
Bonds with one owner | Registered owner |
Co-owned bonds | Both registered owners This process is in place to protect all parties where there are multiple registered owners. |
Bonds owned by a minor (someone under 18 years of age as proven by an official document such as a birth certificate) | The parent or guardian who has legal custody of the bond owner (If the minor is unable to sign his/her name). |
Bonds with one owner that were purchased by someone else | Registered owner Whether adult or minor, only the registered owner, not the purchaser, has access to the funds. |
4. Visit your financial institution
Present the bond certificate where you bank or invest. All bond owners will be asked to sign the back of the bond upon presentation.
- If you own regular interest CSBs or CPBs (R bonds) you will receive the face value of your bond at the time at the time of redemption. All earned interest payments would have been sent, by cheque or by direct deposit, each anniversary date until maturity. If you haven’t received your regular interest payments, your information may be out of date. To find out, contact us.
- If you own compound interest CSBs or CPBs (C bonds), you will receive the face value of your bond plus all the accumulated interest owed on that bond at the time of redemption.
How do I report missing bonds?
If your bond certificate is lost, stolen, or destroyed, follow the lost bond process.
I haven’t received my regular bond interest payments in a while. What do I do?
Your information may be out of date. To find out, contact us.