Savings bonds

A savings bond is a loan to a government that is secured by the general credit and taxation powers of the government. They are usually offered for sale at certain times of the year directly from the issuing government (or agency). The Bank of Canada offered Canada Savings Bonds up to November 2017, and there are still a number of provincial savings bonds.

Canada Savings Bonds
In the 2017 federal budget, the Government of Canada announced it would discontinue the sale of Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs) in November 2017. . The government cited the "overall decline in sales, the access to alternative investments vehicles for consumers and the administration and management costs of the program" as causes for the decision. The announcement noted that "any unmatured CSBs or CPBs are safe and guaranteed, and bonds will continue to be honoured until the time of redemption or maturity, whichever comes first".