Plans Offered Through CSBs
Usually CSBs are purchased at a financial institution or online at the CSB website and certificates are mailed to the investor. However there are a few plans available in which certificates are not issued.
- Canada RSP is a no-fee Registered Retirement Savings Plan(RRSP) designed specifically for holding compound interest Canada Premium and Canada Savings Bonds. This product is no longer offered to new customers.
- Canada RIF no-fee Registered Retirement Income Fund (RRIF) designed specifically for holding the Canada Premium and Canada Savings Bond directly in a RRIF. This product is no longer offered to new customers.
- Payroll Savings Plans- Employers can provide employees this plan during sale periods. Employees choose how much they would like deducted off their paycheques and it is automatically saved until the employee would like to withdraw. This is also eligible for the Canada RSP.
Read more about this topic: Canada Savings Bond
Famous quotes containing the words plans and/or offered:
“The human mind plans the way, but the LORD directs the steps.”
—Bible: Hebrew, Proverbs 16:9.
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)