Browser-local limits
Canvas-based export is browser dependent. PNG is broadly available; JPEG/WebP quality and support can vary, and metadata may not be preserved through canvas re-encoding.
Transparency is an alpha-channel property
An image can contain an alpha channel even when every pixel is fully opaque, and a visually solid background can hide partially transparent edges. Conversely, formats such as ordinary JPEG do not encode per-pixel alpha. The useful question is whether decoded pixels actually contain alpha values below full opacity.
Check the intended compositing result
Inspect transparent images over more than one background, especially around antialiased edges, shadows, and logos. Color profiles, premultiplied-alpha handling, export settings, and conversion to a format without alpha can change appearance. If transparency matters for production, verify the final exported file—not only the source preview—and make sure the destination format and application preserve the alpha channel.