Has anyone bought Canada Savings Bonds?

[NancySC]

Has anyone bought Canada Savings Bonds?

I was thinking about purchasing savings bonds for both my kids but I don't know much about them.

Thanks

[Cader]

Nancy, the sale of CSBs were discontinued effective November 1, 2017. See link below

https://www.csb.gc.ca/csb-program-an...tions-answers/

[super807]

Nancy, if you want to put money aside for your kids, one way to do that is to open an RESP, which they can use for post-secondary education. The government adds a certain % of your annual contribution to the RESP, up to a max amount. If you have more than one child, the same RESP account can be used for all of them. If one of the kids doesn't pursue a post-secondary education, the amount can be used for the other kids. If non of the kids goes to post-secondary, you get your contribution back, but not the government top up.

[mike0shores]

No doubt, RESP is the best program if you are planning to save money for your children.