Payroll Savings Program

The Payroll Savings Program allows employees to buy Canada Savings Bonds at their place of work through a payroll deduction plan.

Employers offer the Payroll Savings Program for several reasons:

• Campaign support: Everything you need to manage the program.
• Flexibility: Payroll deduction schedules aligned with your own payroll timetable.
• Redemptions: You don’t manage the redemption process. Bonds are redeemed directly by the employees.

Employees buy CSBs through the Payroll Savings Program because they benefit from:

• One-time sign-up: Employees only sign up only once.
• Online purchases: Employees can buy or change their Payroll Savings Plan online.
• A low minimum purchase: Employees may contribute as little as $2 per week.
• Accessibility: Easy access to redemptions by phone or online.