BREAKING: The Bitcoin Coalition of Canada has written to all Canadian Members of Parliament and Senators asking them to indicate “Support”, “Opposed” or “Undecided” on each of our 4 federal policy recommendations. We will report on results in April 2025.
1️⃣ Implement a de minimis tax exemption for Bitcoin transactions under $10,000 CAD and commit to a more detailed study of how best to facilitate Bitcoin’s use as currency in Canada.
2️⃣ Eliminate capital gains tax on Bitcoin (BTC) held for more than one year.
3️⃣ Provide incentive support and remove regulatory red-tape to scale up Bitcoin mining in Canada.
4️⃣ Establish a Strategic Bitcoin Reserve (SBR) for Canada, with the goal of securing 100,000 BTC over four years beginning in 2025.
