Extension of the Maturity Dates for Canada Savings Bonds and Canada Premium Bonds
Both Canada Premium Bonds and Canada Savings Bonds due to mature this campaign year have been extended. These bonds have maturity dates ranging from 1 November 2008 to 1 April 2009.
How do I know if my bonds have been extended?
This change affects only bond series listed in Tables 1.0 and 2.0. If your bonds' series number is included in Tables 1.0 or 2.0, your bonds maturity date has been extended.
What does it mean if my bond has been extended?
The maturity date is the date at which your bond stops earning interest. An extension of this maturity date simply means your bond will continue to earn interest beyond this date and up to the new maturity date listed for your bonds' series (refer to Tables 1.0 and 2.0). All other Terms and Conditions of your original purchase remain unchanged.
For owners of extended Canada Premium Bond
Your bond has been extended and will continue to earn interest at the posted rates for CPBs until the new maturity date arrives. To take advantage of the new extended term, simply do nothing. You'll continue to earn interest on your bonds. If you wish to redeem your bonds, the Canada Premium Bond may only be redeemed during the redemption window which occurs on any annual anniversary of the issue date or during the 30 days thereafter. This rule also applies to extended series. Table 1.0 shows the issue date for extended series Canada Premium Bonds as well as the new maturity dates.
|Series||Issue Date||Original Maturity Date||Extended Maturity Date||Annual|
|CPB P3||Nov. 1998||1 Nov. 2008||1 Nov. 2018||1 Nov.||1 Dec.|
|CPB P4||Dec. 1998||1 Dec. 2008||1 Dec. 2018||1 Dec.||31 Dec.|
|CPB P5||Jan. 1999||1 Jan. 2009||1 Jan. 2019||1 Jan.||31 Jan.|
|CPB P6||Feb. 1999||1 Feb. 2009||1 Feb. 2019||1 Feb.||3 Mar.|
|CPB P7||Mar. 1999||1 Mar. 2009||1 Mar. 2019||1 Mar.||31 Mar.|
|CPB P8||Apr. 1999||1 Apr. 2009||1 Apr. 2019||1 Apr.||1 May|
For extended Canada Savings Bonds owners
Your bond has been extended and will continue to earn interest at the posted rates for CSBs until the new maturity date arrives. To take advantage of the new extended term, simply do nothing. You'll continue to earn interest on your bonds. Table 2.0 shows the issue date for extended series Canada Savings Bonds as well as the new maturity dates.
|Series||Issue Date||Original Maturity Date||Extended Maturity Date|
|CSB S51||Nov. 1996||1 Nov. 2008||1 Nov. 2018|
|CSB S54||Nov. 1998||1 Nov. 2008||1 Nov. 2018|
|CSB S55||Dec. 1998||1 Dec. 2008||1 Dec. 2018|
|CSB S56||Jan. 1999||1 Jan. 2009||1 Jan. 2019|
|CSB S57||Feb. 1999||1 Feb. 2009||1 Feb. 2019|
|CSB S58||Mar. 1999||1 Mar. 2009||1 Mar. 2019|
|CSB S59||Apr. 1999||1 Apr. 2009||1 Apr. 2019|
For more information on redeeming your bonds, please refer to the Terms and Conditions for your bonds:
Canada Savings Bonds
Canada Premium Bonds
If you require additional information, please contact us at 1-800-575-5151.
For media inquiries about Canada Savings Bonds, contact Media Relations.