The Canadian budget, according to the following article (as well as many other articles), is proposing that Canada should follow the Cyprus model in dealing with a collapse of one of its big six too-large-too-fail banks (note its never small banks or credit unions) giving them the green light to engage in extremely risky financial dealings as they will be bailed out by depositors, executives can get ever larger bonuses and bank shareholders face little risk.
"Your money is officially no longer safe in any of the major Canadian banks. As we've witnessed in Cyprus the Canadian government will be looking to loot the accounts of depositors in the event that one or more of the "too big to fail" banks depletes its capital to the point of no return. The failed system of fractional reserve lending has proven disastrous and the time has come to protect your assets from being stolen by the government."
http://beforeitsnews.com/financial-markets/2013/04/cyprus-and-the-canadi...