No, it isn't really the right tool for the job.
The Canopus is for converting analog video signals to digital (like capturing the video from your computer monitor as you move the mouse around).
You already have a digital video source (your digital video camera). So this box won't accept that as input.
If your video camera has other output ports, like component video (see below for a picture), then it might work. The Canopus will accept analog RCA for input.
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