You can buy bonds only from a registered investment representative (sometimes known as a stockbroker). Investment representatives work for investment firms (sometimes known as brokerage firms), which are also registered. You can buy and sell bonds through a full-service firm or a discount brokerage firm.
Anyone selling securities or offering investment advice must be registered with their provincial securities regulator, unless they have an exemption. Check registration through the Ontario Securities Commission or Canadian Securities Administrators. Learn more about working with an adviser.
1. Open an account
Learn more about what you need to open an investment account.
2. Place your order
You can give your investment firm instructions to buy or sell a bond in person, by phone or online. This is called placing your order. Tell the investment firm the name and amount of the bond you want to buy or sell. If it’s a new issue of bonds, the price is often the face value. Otherwise, you’ll buy or sell a bond at the current market price.
Once your order is filled, the investment firm will send you a record of the transaction by e-mail, fax or mail. It will confirm:
what you bought or sold,
the price you paid or received, and
any accrued interest on the bond.
Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca