| Q. |
When are Ontario Savings Bonds on sale?
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| A. |
Generally, OSB’s are on sale during the first three weeks of June.
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| |
| Q. |
When are the interest rates for the new series of Ontario Savings Bonds announced?
|
| A. |
The interest rates for the new series of OSBs are generally announced on the first day of sales.
For the new OSB interest rates, please click here.
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| |
| Q. |
What is new for the 2011 campaign?
|
| A. |
This year, the Province is raising the Dollar Limit from
$500,000 to $1,000,000.
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| |
| Q. |
Do bondholders of Variable-Rate Bonds purchased prior to 2009 still have the
option of redeeming their bonds semi-annually?
|
| A. |
Yes. Bondholders of Variable-Rate Bonds issued prior to 2009 still have the option
of redeeming their bonds semi-annually on June 21 and December 21.
All bondholders have up to 14 calendar days to redeem their Bonds.
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| |
| Q. |
Will the interest rates on outstanding Variable-Rate Bonds issued prior
to 2009 continue to be reset semi-annually?
|
| A. |
Yes. The interest rates on outstanding Variable-Rate Bonds issued prior to 2009 will
continue to be reset semi-annually.
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| |
| Q. |
When can Ontario Savings Bonds certificates be picked up from the financial institution in which they were purchased?
|
| A. |
OSB certificates are generally available for pick up from the financial institution
in which they were purchased after the civic holiday in August, i.e., after August
2, 2011.
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| |
| Q. |
Are Ontario Savings Bonds and Canada Savings Bonds the same?
|
| A. |
No. Ontario Savings Bonds and Canada Savings Bonds are not the same. OSBs are 100 per cent backed
by the province of Ontario while CSBs are issued by the Federal Government.
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| |
| Q. |
Are Ontario Savings Bonds insured by the Canadian Deposit Insurance Corporation (CDIC)?
|
| A. |
No. OSBs are not insured by CDIC. OSBs are backed 100 per cent by the Province of Ontario.
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