I'm not sure of the way the European model, as proposed right now, would go into an ISP's business model. It's targeted at platforms, not at hosting. We don't take the uploads and then host them somewhere in a way that we could take them down. Instead we're just kind of moving the bits from one place to another.
I would echo what Jay said. I don't think the Canadian framework needs an approach like that. Copyright applies to the content on those services that are doing business in Canada already.