Canada Savings Bonds

The Canada Savings Bonds Program is moving

Effective September 25, 2023, the Canada Savings Bonds Program is moving to the Bank of Canada’s Unclaimed Properties Office.

Following the Government of Canada’s decision to phase out the Canada Savings Bonds Program, the Bank of Canada’s Unclaimed Properties Office (UPO) will expand its responsibilities on September 25, 2023, to include the management of retail debt products such as:

  • Canada Savings Bonds
  • Canada Premium Bonds
  • The Canada RSP
  • The Canada RIF
  • Government of Canada bonds

The Unclaimed Properties Office’s mandate is to provide Canadians with information and tools to access unclaimed properties. UPO manages unclaimed bank balances, such as unclaimed chequing and savings accounts, GICs and bank drafts and will expand its mandate to include unredeemed retail bonds. This broader mandate will help centralize and create awareness of similar unclaimed properties to reunite the rightful owners with their forgotten funds.

What this means

Effective September 25, 2023:

  • Our contact information will change:
  • Transmitting documents to UPO by fax will no longer be an option.
  • Your statements and correspondence will appear with the Bank of Canada’s Unclaimed Properties Office wordmark.
  • Your certificated CSBs, CPBs, Canada RSP and Canada RIF plans remain unchanged. The Government of Canada will continue to honour unredeemed retail bonds and plans.
  • The Terms and Conditions, Declaration of Trust and Owner’s Agreement associated with your bond or plan remain unchanged.
Content Type(s): Announcement