The bonds can be purchased at any bank, trust company, credit union or brokerage company. The Bank of Canada pays a commission for any dealer selling the bonds. However, the commission is not paid by the purchaser and is included in the price of the bond. As a matter of fact, many brokerage houses offer their clients the opportunity to become sub-agents for the sales representative. If this interests you, a stockbroker would be able to fill you in on all the details.
Many companies make CSBs available through the payroll deduction plan.
You decide how many bonds you wish to purchase and the money will be deducted from your paycheque each week. At the end of the year, you will receive the bond and it will be paid in full. There are interest charges for financing the purchase through the payroll deduction plan, but the rate is the same as that paid by the bond. It is therefore quite useful as a forced savings plan. Treasury bills Treasury bills, or T-bills as they are sometimes called, are used by the Federal government to finance short term cash requirements.