Québec Fixed‑rate Bonds provide high fixed income right from the first year. In addition, the range of terms available allows you to diversify the maturities of your investments.
- Interest income guaranteed for the term of the investment.
- Maturities ranging from one to ten years.
- Interest rate set in accordance with the term selected; generally, the longer the term, the higher the interest rate.
- Regular or compound interest.
- Regular interest paid annually (minimum purchase of $100) or monthly (minimum purchase of $10 000).
If you hold your Québec Fixed‑rate Bonds in an Épargne Placements Québec RRIF or LIF, for terms of 1 to 5 years, a total or partial redemption can be requested, without penalty, for purposes of a retirement income payment, in accordance with laws applicable under the Québec RRIF or LIF.
|Issue date:||Issued daily.|
|Term:||One to ten years, at the purchaser’s choice.|
|Type of interest:||Simple or compound.|
|Payment of interest:||Simple interest bonds: annually (or monthly for an amount of $10 000 or more, at the participant’s option).
Compound interest bonds: annual capitalization on the purchase anniversary date.
|Interest rate:||Fixed rate, depending on maturity, shown at the annual nominal rate.|
|Amount purchase:||Any amount greater than or equal to $100 (or $10 000 for monthly payment of interest).|
|Limit on amount held:||Maximum amount held of $1 000 000 for general or limited partnerships and private right or public right legal persons acting on their own behalf, except in the case of a transfer resulting from a succession.|
|Authorized purchasers:||Persons or groups of persons or of properties, domiciled in Québec and subject to the rules of Québec law (individuals, partnerships or limited partnerships, legal persons, successions of persons, foundations and personal or public trusts).|
|Redemption:||Total at maturity.|
|Eligible accounts:||Investment Savings Account, tax‑free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF), locked‑in retirement account (LIRA) and life income fund (LIF).Can also be entered in the account of a trustee or of an agent of a trustee for the benefit of a participant in a self‑directed plan or fund|
|Assignment and transfer:||May be assigned and transferred to an authorized purchaser prior to maturity if the bonds are held in an Investment Savings Account (minimum amount of $100).May be neither assigned nor transferred where the bonds are held in a Québec retirement savings plan or fund, other than in the cases stipulated in the legislation.|
|Hypothec:||Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account (minimum amount of $1 000).|
|In the absence of instructions from the client, the capital and interest (including any bonus) are automatically reinvested in Flexi‑Plus Savings units.|