From activehistory.ca, a thoughtful article on a sometimes sensitive topic. As a dual citizen whatever Canada decided about the monarchy I'd have a monarch as long as Britain, or maybe in view of the Scottish referendum I should say England, does.
In any event Canada would likely opt to remain part of the British Commonwealth and, as did South Africa which has it's own head of state, so maintaining a link with the British monarchy.
Scotland has no plans at present to abolish the monarchy, even if the referendum is successful - merely to return to the same state as existed between the Union of the Crowns in 1603 and the Act of Union in 1707 which led to the creation of Great Britain (and UK from 1801).
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