Learn about the types of Payroll Savings Plans, how to set them up, and how to view summaries of existing plans. Refer to the How-To Guide to help you with your online transactions.

Set Up a Payroll Savings Plan

New Participants

As a new participant in the Payroll Savings Program, you can enroll in the Program and set up a Payroll Savings Plan online during the October campaign by following these steps:

  1. Go to CSB Online Services. You will need:
    • Your Organization ID
    • Your Social Insurance Number
    • A valid email address
  2. Create your CSBOS account as a New Payroll Participant by creating a personalized Client ID, password and challenge questions.
  3. Set up a plan by selecting Set Up New Plan and following the online instructions.

Watch a quick video on how to enroll in the CSB Payroll Savings Program.

Existing Participants

If you already have a Payroll Savings Plan, but have not yet been online to create a CSBOS account, you can create one at any time by following these steps:

  1. Go to CSB Online Services. You will need:
    • Your 10-digit Plan Number (starts with “2” and can be found on last year’s annual CSB statement)
    • Your last contribution amount (indicated on your pay stub)
    • A valid email address
    • Your Direct Deposit information (if currently set up in your plan)
  2. Create your CSBOS account as an Existing Payroll Participant by creating a personalized Client ID, password and challenge questions and following the online instructions.

Watch a quick video on how to create a CSBOS account.

Plan types

There are three types of plans available:

Single Plan
You, the contributor, are the sole owner of this plan and you have 100% access to the funds for redemption.
Joint Plan
You, the contributor, are a co-owner of this plan. The other co-owner can be a spouse, a child, or another individual. Joint plans are registered with the right of survivorship. Both co-owners have 100% access to the funds. Redemption cheques will be issued in both owners names or funds can be deposited directly into a bank account that is held in both owners names.
Third-Party Plan
You, the contributor are contributing to this plan for someone else. The owner of the plan has 100% access to the funds for redemption. You, the contributor, can only control the contributions deducted from your pay and the allocation of the funds. If the plan owner is a minor, the legal guardian can access the funds for redemption.

View Summary of Existing Plans

Log in to CSB Online Services and the My Plans section will be the first page you see. It allows you to view a summary of all your existing plans.

Contributions

Every year, your contributions automatically go towards the latest bond series. If you wish, you can change your contribution amount during the campaign period.

Watch a fun video on How Your Contributions Work in a Payroll Savings Plan.