You can no longer buy Alberta Savings Certificates or Alberta Capital Bonds. The Alberta Government stopped issuing them in 1997. All of the issues of Alberta Savings Certificates and Alberta Capital Bonds have now matured. The last issue matured on June 1, 2004. There is also approximately $3.5 million in matured certificates and bonds that have not been cashed in, or redeemed, by their owners.

For specific information regarding Alberta Savings Certificates and Alberta Capital Bonds please contact:

Treasury Management
302 Terrace Building
9515-107 Street
Edmonton, AB T5K 2C3
(780) 422-1753 (call 310-0000 for toll-free access)

Background

The Alberta Government first issued Alberta Capital Bonds in the Spring of 1987. The money was used to pay for certain capital projects and to help offset budget deficits. In 1993, the province stopped running deficits, but continued to sell the bonds.

In 1996, the name was changed from Alberta Capital Bonds to Alberta Savings Certificates. By 1997, the Alberta Government had raised $5.7 billion through the bonds and certificates, but we stopped selling the certificates because we developed even more cost-effective ways to raise money.

Redeeming Alberta Capital Bonds

The last issue of Alberta Capital Bonds matured on June 1, 2000. To redeem your Alberta Capital Bonds, contact Treasury Management for instructions. Once the bond has been verified, a cheque will be issued and you may present this to your financial institution where you do your normal banking.

Redeeming Alberta Savings Certificates

Redeeming savings certificates is different than redeeming capital bonds. A feature of the Alberta Savings Certificates is that principal and interest is automatically deposited to the owner’s bank account on due date. If you did not receive the final principal and interest payment, you should contact Treasury Management.

Redeeming the bonds and certificates of someone who has died

When the registered owner of Alberta Savings Certificates or Alberta Capital Bonds passes away, the executor or administrator of the estate may either have the bond redeemed or transferred to a beneficiary of the estate. The Executor of the Estate must endorse (sign) the confirmation of purchase or bond certificates and submit them to Treasury Management with specific instructions and other documents that may be needed such as a copy of Letters Probate, the Death Certificate, and a declaration of transmission.

Replacing damaged, destroyed, stolen or lost bonds and certificates

Bonds are valuable documents and should be kept in a safe place. If lost, stolen or destroyed, they can be replaced. The registered owner should contact Treasury Management. To replace bonds issued in 1995 or earlier, the registered owner will be required to fill out an Affidavit of Loss and purchase a Bond of Indemnity.

Getting your T-5 slip for your income taxes

T-5s were issued annually for tax reporting purposes. If you have any questions regarding a T-5, please contact the Treasury Management Division.