The Online Party of Canada is now eligible for registration from Elections Canada. This means if they run a candidate in a by-election, they become a fully-fledged registered party. From what I can gather, the party has existed for about 2 years, but is still small.
The party's main stance is that governance should be online and participatory. All bills would be open for online discussion - perhaps in blog form or as an Internet forum - and users - that being all Canadians - would then be allowed to comment and vote. MP's would be legally forced to do what Canadians want.
An interesting idea, and maybe workable in a few decades with better technology. Not many "single-issue" parties are formed on the basis of democratic and/or electoral reform. While I don't think their ideals are realistic, I do think that the party could have a positive impact by opening issues to more discussion among all Canadians.