Provincial Treasury Bills and Promissory Notes
Provincial Treasury Bills and Promissory Notes offer attractive interest
rates and are fully guaranteed by the issuing province. They offer
higher yields than Government of Canada T-Bills of similar terms.
Every penny of principal and interest is guaranteed by the issuing
province, no matter how much you invest. Even if you normally
hold your investments to maturity, it is nice to know that T-Bills
are fully marketable and can be sold at market value at any time.
They are available for terms of one month to one year.
Common Characteristics
Dollars to Invest/Time Horizon
Minimum investment (at face value) is $100,000 and multiples of $1,000 thereafter. Terms vary from one month to one year.
Risk/Return
Fully guaranteed by the issuing province, and considered very safe. Every aspect of the investment is guaranteed if held to maturity, regardless of the size of the investment. Offer higher yields than similar Government of Canada investments.
Liquidity
May be sold at any time, with settlement within one business day.
Income
Earnings are distributed at maturity.
Key Benefits
- Unlimited issuer guarantee, regardless of the size of the investment.
- Fully guaranteed principal and return if held to maturity.
- Higher yielding than term deposits, GICs and Government of Canada money market investments.
- High degree of liquidity.
- RSP/RRIF eligible.
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