• Bitcoin as a Recognized Asset
  We advocate for Canadian banks to formally recognize Bitcoin as an asset class. This would unlock opportunities for Bitcoin-backed lending within financial institutions and enable Canadians to hold Bitcoin in registered accounts such as TFSAs, providing everyday investors with secure, tax-advantaged access to the digital economy.

• De Minimis Rule for Bitcoin Transactions
  To accelerate retail adoption, we support the introduction of a de minimis threshold for Bitcoin transactions. This would set a limit under which everyday purchases made with Bitcoin would not trigger capital gains tax, making it easier for Canadians to use Bitcoin in commerce while reducing compliance burdens for businesses.

• Bill C-2 and Cash Transaction Limits
  We are calling for the removal of the $10,000 cash transaction limit for money services businesses under Bill C-2. As currently structured, this limit would reduce transparency, weaken anti-money laundering oversight, and negatively impact Bitcoin ATM operators, creating unnecessary barriers for legitimate businesses and consumers.

• Bitcoin in Tax-Free Savings Accounts
  We propose allowing Bitcoin to be included in tax-free savings accounts (TFSAs), enabling individuals to have direct exposure to Bitcoin and benefit from its profitability without incurring tax liabilities. This would empower everyday Canadians to invest in Bitcoin while maximizing their tax advantages.

• GST Exemption for Bitcoin Mining Data Centers
  We advocate for Bitcoin mining data centers to be exempt from Goods and Services Tax (GST), similar to silver and gold mining in Canada. This change would enhance Canada’s competitiveness as a jurisdiction for data centers, attracting investment and fostering growth in the cryptocurrency mining sector.

• Federal Support for Bitcoin and Mining
  We recommend that the federal government establish a dedicated ministry to support Bitcoin and Bitcoin mining. This ministry would work to reduce red tape, alleviate regulatory burdens, and promote Canada as a competitive business environment for blockchain and cryptocurrency enterprises.

Energy Policy Reform
At the provincial level, we focus on policies that encourage Bitcoin mining as a driver of innovation, investment, and energy stability. This includes:

• Reducing red tape and eliminating negative policies that hinder mining growth.

• Removing moratoriums on Bitcoin mining that prevent economic development.

• Encouraging governments to view Bitcoin mining as a strategic opportunity to support grid stability, power generation, and high-paying jobs in rural and resource-based communities.