The town of Innisfil, Ontario will be the first municipality in Canada to accept bitcoin in payment for property taxes. The pilot scheme will be in partnership with Toronto-based Coinberry, who simultaneously announced a new easy-to-use cryptocurrency payment solution.
‘Tax Payments in BTC’ Trend Reaches Canada
Accepting bitcoin for payment of taxes is becoming a thing south of Canada’s border. After a mad scramble a year ago to be America’s crypto-tax pioneer, a Florida county eventually won through to become the first US locality to accept tax payments in bitcoin.
By the end of 2018, Ohio had ‘planted their flag‘ for Bitcoin-adoption, with state-wide acceptance of BTC business-tax payments. Last month it looked like New Hampshire would be next to see the trend continue Northwards. However, with this announcement, Innisfil has leapfrogged New Hampshire for a further hop north into Canada.
Innisfil Mayor, Lynn Dolan, expressed her excitement at the development:
…we are proud to be first in taking this bold…