What is the history of Canada Savings Bonds?
The roots of Canada Savings Bonds go back to the First and Second World Wars, when War Savings Certificates and Victory Bonds were introduced to help finance the war effort.These investments were popular because they were: Redeemable at any time without penalty; Extremely safe, secure and guaranteed by the Government; Easy to purchase with respect to method of payment, denominations available, and availability of purchase. The first series of Canada Savings Bonds was issued in 1946. Over the years, several important innovations have been made to Canada Savings Bonds. Fully registered bonds with interest payable annually were introduced, and eligibility provisions were broadened to include estates and executors of estates, trusts, and charities. RRSPs, Registered Pension Plans and Deferred Profit-Sharing Plans were first considered acceptable forms of registration in 1974. In 1977, Regular-Interest “R” Bonds and Compound -Interest “C” Bonds were introduced, a revolutionary change that s
