Binance supports most countries but there will be some countries with stricter laws, in which case businesses wishing to operate must register for a business license and be regulated separately. For example, in the US, US investors can only use Binance.us, Binance global will ban US investors. Canada is a pretty friendly country to the US so I guess they can use Binance.us instead of Binance Global like US investors. But as far as I know, the exchanges with better liquidity in the US are kraken, robinhood...binance is no longer considered the best option after what happened to them last year.

In countries with strict laws like the United States and Canada, encouraging people to find ways to evade taxes would not be a wise idea and would not benefit them if any accident happened.

Essentially, you don't need to worry about the transactions that enter your account because when you use a P2P platform, you receive funds from a local merchant living within your country, as long as the sender doesn't add a note or something in the transaction mentioning anything about cryptocurrencies, that bank wouldn't know. However, as suggested by some other users as well, I wouldn't recommend selling a lot at once and receiving large funds because that might make the management ask questions about where the funds are coming from if the transaction is unusual.

All I said above applies to countries where Bitcoin is neither legal nor illegal, but even if banks aren't okay with such transactions, they wouldn't know if you receive such amounts usually. I don't know what the laws are in Canada, so maybe you should check that first, but even if Bitcoin isn't legal there, normal P2P transactions received from local merchants shouldn't bring you any trouble.

Make sure you use a trusted platform, and always ask the buyer to send the funds from his own account, third-party accounts could lead to fraudulent transactions and that can get your account blocked.

It's very important to know the crypto laws in your country before doing any crypto transactions that'll require summiting KYC. If your country is Bitcoin friendly then you won't have a problem withdrawing through your banks, if it's not so that means that you'll have to use exchange p2p that is enabled in your country. Banks are restricted from facilitating crypto transactions in my country but it doesn't stop us from doing our p2p transactions on exchanges, you'll just need to know the exchanges that enables p2p transactions in your country. You also need to beware of scam Marchants, they're everywhere.