Learn about the recent Program changes.

Program Changes

In Budget 2017, the Government of Canada announced its decision to end the sale of Canada Savings Bonds (CSBs) as of 1 November. Consequently, CSBs will no longer be available for purchase through the Payroll Savings Program as of November 2017.

All participants of the Program can continue to contribute to a Payroll Savings Plan until 31 October 2017. This includes federal and provincial government employees, as well as armed forces personnel stationed outside the country and their immediate families.

The funds (principal and interest) held in their Payroll Savings Plans are safe, guaranteed and will be honoured. Bond series will continue to earn interest until redemption or maturity, whichever comes first.

Organizations offering the Program have a designated Campaign Director who can help answer questions. Participants may also refer to Questions and Answers for Payroll Savings Program - Employees.