Alberta Capital Bonds and Alberta Savings Certificates
Information about bonds and certificates
On this page
Alberta Capital Bonds 2010
Sales of Alberta Capital Bonds, which ended March 1, 2010, raised $74.5 million for the construction of seniors’ accommodations in the province.
The Alberta Capital Bonds program gave Albertans the unique opportunity to build their savings with a safe, secure investment that is also an investment in their province. View the complete news release.
2010 Alberta Capital Bonds are not transferable or redeemable except in the cases of: bondholder’s death, financial hardship, or transfers from an individual to his or her RRSP, or vice versa.
Please contact the Registrar:
Computershare Trust Company of Canada
Attention: Alberta Capital Bond Co-ordinator
9 th Floor, 100 University Avenue
Toronto, Ontario M5J 2Y1
1-877-982-8761
Include the following in all correspondence: exact name of the registered owner, complete account number, and your return address.
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About old Alberta Savings Certificates and pre-2010 Capital Bonds
You can no longer buy Alberta Savings Certificates. The Alberta Government stopped issuing them in 1997. All of the issues of Alberta Savings Certificates and pre-2010 Alberta Capital Bonds have now matured. The last issue matured on June 1, 2004. There is also approximately $3 million in matured certificates and bonds that have not been cashed in, or redeemed, by their owners.
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 stopped selling the certificates because it had developed even more cost-effective ways to raise money.
Redeeming Pre-2010 Alberta Capital Bonds
To determine if your Alberta Capital Bond is currently outstanding, please enter your details (first and last name) into our Unclaimed Property search engine:
https://tracs.finance.gov.ab.ca/publicTracs/searchUnclaimedProperty.do?event=init.
If the search shows that there is unclaimed property in your name, follow the prompts to submit your claim. Once this has been submitted, please print the claim submission page and send it with the original bond certificate to:
Alberta Treasury Board and Finance
Tax and Revenue Administration
c/o Unclaimed Property
9811 - 109 Street
Edmonton, AB T5K 2L5
For further assistance:
Phone: 780-427-3044 (call 310-0000 for toll-free access)
Email: unclaimed.property@gov.ab.ca
See also: Unclaimed Property website
Please Note: For 2010 Alberta Capital Bond inquiries, please contact Computershare directly at 1-877-982-8761.
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 Tax and Revenue Administration.
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 Tax and Revenue Administration 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 still be redeemed. The registered owner should contact Tax and Revenue Administration. 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.
