The fixed income portfolio, which is $50.0 billion, holds marketable and non-marketable Canadian government bonds, corporate bonds, foreign sovereign bonds, other debt, absolute return strategies, money market securities and debt financing liabilities. The bonds are carried at market value. Their geographic and maturity distribution are shown in the Results section of this website.

For the non-marketable bonds, previously federal and provincial governments had one opportunity to renew its maturing bonds for 20 years. The agreement governing this was amended during fiscal 2006 so that each government can elect to replace a maturing bond with redeemable debt ranging in term from five years to 30 years. Replacement bonds with a term of less than 30 years can be renewed for successive terms to the maximum of 30 years.