Government Bonds  

Canada Savings Bonds
Valid Forms of Registrations
Canada Savings Bonds of all series can only be registered in the name or names of bona fide residents of Canada** in the following manner:

a. in the name of one or more individuals, whether an adult or minor, and if more than one, with or without right of survivorship,

b. in the name of the estate of a deceased person, or in the name of a trustee or trustees appointed under a will,

c. in the name of a trust governed by one of the following:

1. a Registered Retirement Savings Plan (RRSP)
2. a Registered Retirement Income Fund (RRIF)
3. a Registered Education Savings Plan (RESP)
4. a Deferred Profit Sharing Plan (DPSP)
5. a Registered Pension Plan (RPP)
6. an Employee Profit Sharing Plan (EPSP)

Note: The Government makes available through a trustee The Canada RSP and The Canada RIF with no fees. These are the only registrations valid for Series S53. Canada Savings Bonds (except Series S53) can also be held within self-directed plans such as RRSPs and RRIFs

d. in the name of a charitable organization or foundation with a Revenue Canada registration number (beginning with Series S46).

e. in the name of a sole proprietorship (beginning with Series S54)

f. in a personal trust (beginning with Series S54)
** Includes:

1. employees of the Canadian government (federal and provincial) stationed abroad and members of their immediate family,
2. non-residents acquiring bonds by inheritance from the estate of a deceased registered owner,
3. residents who have purchased bonds and subsequently become nonresidents.

Note: All Canada Savings Bonds outstanding are issued in both Regular Interest and Compound Interest form. Regular or simple interest is payable by cheque or by direct deposit to the registered owner on the anniversary date of each year at the rates indicated. Compound interest is payable at time of maturity or redemption of the bond and such interest will be calculated annually at the rate prescribed below on all interest earned as at the anniversary date and is accrued in equal monthly amounts over the next 12 months.