Hello Aafab. The Canadian 'bail-in" proposal is buried near the middle of the 2013 budget starting on Pg 144. I've posted it below. A depositer in Canada certainly seems to be going the way of an unsecured creditor to the "systematically important" banks. There are a few disturbing points to the governments proposal.

"This will reduce risks for taxpayers"

Does this mean only non-taxpayers will be participating in this bail-in?

The bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital"

Could customers deposits fall under "certain bank liabilities"? There is no explanation in the budget (that I could find) that defined "certain bank liabilities".

Fortunately silver or gold (the real stuff) has no liabilties attached to them and should skyrocket in value at some point in the future. Very good for us precious metal bugs and for UC. Cheers

From the 2013 Canadian Budget:

“The Government proposes to implement a “bail-in” regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants. Systemically important banks will continue to be subject to existing risk management requirements, including enhanced supervision and recovery and resolution plans.

This risk management framework will limit the unfair advantage that could be gained by Canada’s systemically important banks through the mistaken belief by investors and other market participants that these institutions are ‘too big to fail’.”

The entire budget can be found here:

http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf