Video instructions and help with filling out and completing Fill Form 8815 Calculator

Instructions and Help about Fill Form 8815 Calculator

Canada savings bonds payroll savings program this video explains how interest is calculated on a bond series and how it could relate to your redemption choice during the October campaign a new Bond series is introduced with the term to maturity and an annual interest rate at the beginning of the next year a new annual interest rate takes effect this occurs every year until the series reaches maturity and is no longer earning interest a CS B Series earns interest on two amounts the principal and the accumulated interest meaning you are earning interest on interest when the series reaches maturity all accumulated funds are automatically reinvested into the new series issued that year you are always contributing to the latest series and always earning interest you don't need to wait until a series reaches maturity to redeem your funds you can redeem at any time you can consider the interest rate the outstanding balance or the maturity date of any bond series to help you decide