Canada, bitcoin as collateral in a bank loan

Georgi Georgiev on Bitcoinist writes that for the first time a Canadian bank (Ledn) has issued a loan in Canadian dollar using bitcoin as collateral. This operation could be advantageous regarding the taxation.
Mauricio Di Bartolomeo, CSO of Ledn, explains: «Ledn loans may also be a more tax advantageous way to access liquidity: whereas on the one hand, sellers of Bitcoin are subject to taxes on their profits, on the other hand, interest payments on Ledn loans may be tax deductible».