RIP Canada Savings Bonds 1946-2017
The federal budget was announced today and Canada Savings Bonds are being phased out. Basically, the government is no longer making money from the program and costs too much to run.
If you already have CSBs, they will still be honoured. However, no new sales of Canada Savings Bonds will be sold.
Remember getting CSBs as a kid?! So sad. Grandparents across the country are now forced to gift something else at birthdays and graduations. FULL STORY.