Innisfil to accept Bitcoins for property tax payments

Town of Innisfil to accept Bitcoin as payment for property taxes

Town of Innisfil to accept Bitcoin as payment for property taxes

A pilot program is now operating in the city of Ontario that allows residents to pay real estate taxes in cryptocurrencies.

This isn't the first time the town has taken risks and open to changes. The program was approved through voting the Innisfil Council on March 27. Assembly Bill 953 would allow the state, city and county tax offices to accept cryptocurrency pegged to a physical asset or a fiat currency from cannabis-related companies seeking to pay their excise or cultivation taxes.

"There's no doubt that cryptocurrency is growing in usage and popularity".

In April, Innisfil residents will see a new payment option on the Town of Innisfil's website, where users will have the option of paying with Bitcoin.

Mayor Lynn Dollin says this shows the world that the town is an innovative community ready for the future.

Montreal school board to ignore latest Quebec religious symbols law
In October 2017, Quebec's previous Liberal government passed a bill banning face coverings for those receiving public services. However there wouldn't be a "strip search to check if the person is wearing a religious sign", he said.

The report by CBC adds that in the future, the option to pay in other cryptocurrencies such as ether (ETH), litecoin (LTC), bitcoin cash (BCH) and Ripple's XRP might also be introduced on the payment platform.

Starting in April, Innisfil residents will be able to pay taxes with Bitcoin through a digital wallet operated by Coinberry Pay, which will convert the cryptocurrency to Canadian funds and transfer the payment to the town.

"Leaders from all levels of government who are first to recognize the benefits of the "new money economy" will be the first to reap the rewards", said Andrei Poliakov, Coinberry's CEO and co-founder. "We are extremely pleased at achieving a milestone in the history of adoption of cryptocurrency in Canada".

Innisfil residents, along with others around the Toronto area, might want to come out to the CoinGeek Toronto Conference to be held this May.

Coinfomania: Where blockchain and cryptos live.

Recommended News

  • Facts point to legal violations by ousted Ghosn — Nissan panel

    Facts point to legal violations by ousted Ghosn — Nissan panel

    Nissan CEO Hiroto Saikawa ( picture ) said yesterday he wasn't aware of the talks about possible bid for FCA. Two directors, including one outside director, formerly served senior vice-president roles at Renault .
    Wuabit's Cryptocurrency Wallet for Whatsapp

    Wuabit's Cryptocurrency Wallet for Whatsapp

    Thus, having a wallet integrated on WhatsApp , a messaging platform known by millions of individuals, is a good initiative. There have been similar projects before like with the Lightning Network browsing extension, Tippin , with Twitter .
    AstraZeneca to raise $3.5bn for global partnership

    AstraZeneca to raise $3.5bn for global partnership

    The global development and commercialisation agreement covers the potential cancer treatment trastuzumab deruxtecan. In the US , the largest pharmaceutical market, Daiichi Sankyo will record sales and then split profits.
  • Sir Patrick Head returns to Williams as consultant

    Sir Patrick Head returns to Williams as consultant

    Head, 72, founded the team with Frank Williams in 1977 and played a key role in spearheading its auto design department. On Friday, Williams announced Sir Patrick Head will make his return to Williams in a technical consultancy role.
    Chrysler cutting 1500 jobs

    Chrysler cutting 1500 jobs

    It directly employs more than 125,000 people. "So we'll see, because obviously it's critical to the economy". Unifor national president Jerry Dias was just as shocked as Cassidy.
    UK's May under pressure to rule out long Brexit delay

    UK's May under pressure to rule out long Brexit delay

    Over the past three years, it has become fairly clear that Brexit will damage, not improve, the health of the United Kingdom economy.
  • Joe Biden doesn't recall alleged kissing incident detailed in article

    Joe Biden doesn't recall alleged kissing incident detailed in article

    In that poll, Biden was followed by Vermont Senator Bernie Sanders (19 percent) who kicked off his campaign in February. She recalled that before she went on stage to speak, Biden approached her and gave her the awkward, unwarranted kiss.
    Megabus Offers Free U.S. Trips for Stranded Wow Air Passengers

    Megabus Offers Free U.S. Trips for Stranded Wow Air Passengers

    To help you navigate that unwelcome surprise, we gathered some tips on what you should do when faced with a sudden cancellation. This is the second budget airline to collapse this year, so scheduled airline failure is a useful feature to have.
    Crusaders too strong for Hurricanes

    Crusaders too strong for Hurricanes

    Bryn Hall had a strong game at scrumhalf and Ryan Crotty's strength in midfield was a key part of the Crusaders' efficient finishing.
  • Latest Pharmacy News: Report suggests early Easter egg sales fuelling obesity

    Latest Pharmacy News: Report suggests early Easter egg sales fuelling obesity

    Obesity rate among United Kingdom adults is the highest in Western Europe with one in four adults believed to be obese. More than three-quarters of the public think supermarkets are selling Easter confectionery too early, the survey says.
    Jeep Gladiator Launch Edition Adds Special Touches, Costs $60k

    Jeep Gladiator Launch Edition Adds Special Touches, Costs $60k

    If you do buy a Gladiator Launch Edition, you'll unlock the ability to enter a Jeep's "Find Your Freedom" contest. Then, if they so desire (which they will), they can enter to win a so-called "Find your Freedom" contest.
    Kash Ali disqualified for biting opponent David Price

    Kash Ali disqualified for biting opponent David Price

    He rocked his unbeaten but limited opponent and Ali wrestled the taller man to the canvas. The 27-year-old will not be paid his purse and now faces a lengthy suspension.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.