Finvilo

Banking, loans and insurance in Alberta

Alberta credit union deposits are guaranteed in full by the Credit Union Deposit Guarantee Corporation, and deposits at ATB Financial are guaranteed by the Government of Alberta. Car insurance is sold by private insurers.

Deposit protection

The Credit Union Deposit Guarantee Corporation guarantees 100% of deposits at Alberta credit unions. ATB Financial deposits carry a provincial government guarantee. Banks are covered by CDIC.

Auto insurance

Auto insurance is mandatory and sold by private insurers under provincial rules, so comparing quotes can save money.

Sales and property tax

Alberta has no provincial sales tax, so you pay only the 5% GST. There is no land transfer tax; buyers pay land titles and mortgage registration fees instead, which are usually much smaller.

Local rules by city

Offers confirmed in Alberta

These products name Alberta in the availability terms the provider publishes. Most listings do not state provincial availability yet, so check other categories too.

AL

Alberta Women Entrepreneurs

AWE Business Loan

Repayable business loans up to CAD 150,000 for women-owned businesses in Alberta.

Maximum amount
CAD 150,000
Term
Up to 5 years
Rate
Typically prime plus 2% to prime plus 4%
Eligibility
At least 50.1% women ownership; operating or planning to operate in Alberta
Full details for AWE Business Loan (opens in new tab)
Sonnet Insurance logo

Sonnet Insurance

Home insurance

Home insurance protects your house, belongings and personal liability. It suits homeowners buying online in the listed provinces; policies have exclusions and limits that should be reviewed.

Coverage included
Personal liability; dwelling and detached structures
Availability
BC, Alberta, Ontario, Québec, New Brunswick, Nova Scotia or PEI
Full details for Home insurance (opens in new tab)
Sonnet Insurance logo

Sonnet Insurance

Tenant insurance

Tenant insurance protects renters’ personal belongings, personal liability and additional living expenses if they cannot live in their rental unit. It suits people renting or leasing their home because the landlord’s policy does not provide their contents or liability protection.

Coverage included
Personal belongings; personal liability; additional living expenses
Availability
BC, Alberta, Ontario, Québec, New Brunswick, Nova Scotia and PEI
Full details for Tenant insurance (opens in new tab)

Offers the provider lists as nationwide

BDC logo

BDC

BDC Business Purchase or Transfer Loan

Financing to buy, merge with or take over a Canadian business, including some transaction costs.

Repayment
Flexible, with interest-only payments at the start
Eligibility
Business being bought must be Canadian and generating revenue, with an agreed price and clear structure
Uses
Buying a business, competitor or supplier; management or employee buyouts; family transfers; refinancing seller financing
Additional costs
Can include legal fees, moving costs, goodwill and client lists
Full details for BDC Business Purchase or Transfer Loan (opens in new tab)
BDC logo

BDC

BDC Technology Equipment Loan

A loan for hardware, software, cybersecurity, digital infrastructure and expert IT advice.

Eligibility
Business based in Canada, generating revenue for at least 12 months, with a good credit track record
Uses
Servers, computers, software, cloud, AI tools, websites, e-commerce, cybersecurity
Professional services
Can cover IT planning, strategy, security and online sales advice
Provinces
Nationwide
Full details for BDC Technology Equipment Loan (opens in new tab)
BDC logo

BDC

BDC Working Capital Loan

A loan for growth projects such as inventory, supplier payments, new markets and hiring, without using everyday cash.

Eligibility
Business based in Canada, generating revenue for at least 12 months, with a good credit track record
Uses
Inventory, suppliers, new markets, product development, IP protection, marketing, hiring and training
Sustainability projects
Energy efficiency and green retrofit projects eligible
Provinces
Nationwide
Full details for BDC Working Capital Loan (opens in new tab)

Institutions serving Alberta

These institutions operate in Alberta. Membership and residence rules vary, and not every product they offer is available everywhere.

Common questions in Alberta

Is ATB Financial covered by CDIC?
No. ATB is a provincial Crown corporation and its deposits are guaranteed by the Government of Alberta.
Does Alberta charge land transfer tax?
No. Alberta charges land titles registration fees instead.

Official sources

Limits and rules can change. Confirm current terms with the provincial body before relying on them. This is general information, not financial advice.