Nordicity and the Canadian Media Fund (CMF) have just released a new report entitled Crowdfunding in a Canadian Context: Exploring the Potential of Crowdfunding in the Creative Content Industries.

Although it concludes with these words:

Given the lack of clarity regarding legal, financial and policy issues related to crowdfunding and the relative novelty of the concept, producers exploring the potential opportunities offered by crowdfunding should adopt a philosophy of experimentation. In addition they should proceed with caution, ensuring they are aware of all the associated risks of engaging in this type financing activity before launching a campaign.

it’s one of the few documents I’ve seen that begins to wonder about the tax implications of crowdfunding in Canada.