Bitcoin for Couples in Canada

More Canadian couples are choosing to hold Bitcoin as part of their joint financial plan.

Bitcoin itself doesn't have a "joint account" feature — each Bitcoin address is controlled by whoever holds the private key(s).

However, couples can structure ownership in different ways:

Each partner has their own 1Bitcoin.ca account but sends Bitcoin to a shared wallet address.

Both partners hold a copy of the seed phrase.

One partner manages the account, while both partners are aware of the holdings.

Both should have access to the seed phrase for estate purposes.

A multi-signature wallet requires 2-of-2 or 2-of-3 signatures to authorize transactions.

Both partners must agree to move funds. Technical, but most secure.

In Canada, Bitcoin is taxed as property. Each person is taxed on their own capital gains.

If you're buying Bitcoin using shared funds, document the proportional ownership clearly.

If one partner earns income and the other doesn't, the attribution rules may apply — consult a tax advisor.

If one partner dies and the other doesn't have access to the private key or seed phrase, the Bitcoin may be permanently lost.

Essential steps:

Both partners know where the seed phrase is stored

Seed phrase is documented in your will or with your estate lawyer

Consider a multisig setup where neither partner alone can be locked out

Both partners can create individual 1Bitcoin.ca accounts. Minimum $20 per purchase.

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