Bitcoin for Canadian Business Owners

More Canadian business owners are exploring Bitcoin as a corporate treasury asset. Here's what you need to know before your company buys any.
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Why Business Owners Are Considering Bitcoin

Inflation Protection

Business savings accounts earn 3–5% but may still lose real purchasing power over time.

Bitcoin has historically outpaced inflation over multi-year periods.

Following the Strategy Model

Strategy (formerly MicroStrategy) converted corporate cash reserves into Bitcoin.

Some Canadian companies are exploring similar treasury strategies.

Modern Capital Signal

In industries such as tech, fintech, and real estate, holding Bitcoin can signal alignment with modern capital structures.

Long-Term Treasury Diversification

Bitcoin is increasingly viewed as a treasury reserve asset alongside cash, bonds, and equities.

How Canadian Corporations Buy Bitcoin

1

Board decision — approve a treasury policy that includes Bitcoin allocation

2

Legal review — consult your lawyer regarding corporate structure and capital considerations

3

Purchase — use 1Bitcoin.ca for purchases up to $500K CAD (OTC available for larger amounts)

4

Custody — exchange custody, third-party custodian (DWM Canada / Balance Trust), or self-custody using hardware wallets or multisig

Canadian Tax Treatment for Corporations

Capital Asset Treatment

  • No tax on holding Bitcoin
  • Capital gain/loss realized on sale
  • 50% inclusion rate for Canadian corporations

Accounting Rules

  • Bitcoin classified as an intangible asset under IFRS
  • Must be tested for impairment annually
  • Mark-to-market treatment may apply depending on classification

Consult a CPA for your specific corporate structure and accounting treatment.

Norton McMullen LLP and other Canadian firms now specialize in Bitcoin corporate accounting.

FINTRAC Obligations

If your company regularly buys or sells Bitcoin (not one-time treasury purchases), you may need to register as a Money Services Business.

For occasional treasury purchases, this generally does not apply.

Always use a FINTRAC-registered exchange such as 1Bitcoin.ca (M21226416) for compliance protection.

How Much to Allocate?

There is no universal answer. Common corporate approaches include:

  • Conservative: 1–5% of excess cash
  • Moderate: 5–15% of excess cash
  • Aggressive: Strategy-style majority treasury allocation

The risk: Bitcoin is highly volatile.

Only allocate capital the business can afford to hold through 50%+ drawdowns without operational impact.

Buy Bitcoin for Your Corporation at 1Bitcoin.ca →

FINTRAC Registered (M21226416) | Non-Custodial | Bitcoin-Only | 20,000+ Canadians | Since 2020

See also: Bitcoin Corporate Treasury Canada | Bitcoin OTC Canada | Bitcoin Accredited Investor Canada