How do I redeem old Canada Savings Bonds?

To redeem old Canada Savings Bonds, particularly registered Market Issue Bonds that have reached maturity, you primarily do so by presenting the original certificate at your financial institution.

Redeeming Matured Canada Savings Bonds

If you possess a registered Market Issue Bond that has reached its maturity date, the most straightforward way to redeem it is by presenting the physical certificate. You should take your certificate to your financial institution (such as your bank or credit union) where it can be processed for its face value. It's advisable to redeem these bonds as soon as possible after maturity.

Here’s a step-by-step guide for redeeming bonds with a physical certificate:

• Locate Your Certificate: Find your original registered Market Issue Bond certificate.
• Verify Maturity: Ensure the bond has reached its maturity date.
• Visit Your Financial Institution: Go to your bank or credit union.
• Present for Redemption: Present the certificate to a representative to redeem it for its face value.

What If Your Certificate is Lost or Missing?

Should you be unable to locate your Market Issue bond certificate, or if it has been lost or destroyed, you will need to contact the appropriate authority. For Market Issue bonds, you should reach out to the Bank of Canada's Unclaimed Properties section. They can assist you in processing the redemption of your bond even without the physical certificate.

Steps for Lost Certificates:

• If the original Market Issue bond certificate is lost, damaged, or cannot be found.
• Contact the Bank of Canada's Unclaimed Properties department directly for assistance. You can find more information on their official website: Bank of Canada Unclaimed Properties - Bonds.

Summary of Redemption Methods

This table provides a quick overview of how to redeem your old Canada Savings Bonds based on your situation: