Bank deposits in Alberta would stay protected by deposit insurance after independence.
Claimed by: Reassurance offered in separation debates
Needs context: Accurate as written, but a key piece of context changes how it reads. How we rate.
Short answer
Deposit insurance in Canada comes from the Canada Deposit Insurance Corporation, a federal body that insures eligible deposits at member banks up to set limits. It is a federal institution, so an independent Alberta would need to build its own deposit-insurance system from scratch or negotiate some form of continued coverage. Deposits would not simply disappear during a transition, but the long-term guarantee that backs confidence in the banking system would have to be rebuilt, and the details are unresolved.
What remains uncertain
The claim can be accurate as stated, but important context changes how most people would understand it. The summary above supplies that missing context.
What the evidence shows
CDIC is a federal body that insures eligible deposits at member banks, so an independent Alberta would need to build its own equivalent from scratch or negotiate continued membership.