How would you regulate Netflix then? The CRTC mandates that 55% of broadcasted content in Canada through traditional means is Canadian based content, with on demand streaming services I can't possibly see a healthy way to regulate this.
What about YouTube premium? They offer content more akin to traditional television, and it's very much American dominated. Is that "not really 'online'" either? Does it need the same manner of regulation that it seems they're looking to impose on Netflix?