Everything You Need to Know About Online Gambling in Canada
Online gambling is incredibly popular in Canada, with loads of people taking the chance to play slots, blackjack, and much, much more, every single day of the year. So you can be as well-informed as possible, you’ll find some really important information on online gambling in Canada below…
Is Online Gambling Legal in Canada?
There are no general laws prohibiting Canadian players from gambling at online casinos, however there is a catch: it is only legal for Canadians to gamble at sites that have been licenced by one of the provincial governments. This throws up a problem, as licences are only issued very rarely, meaning that there is a real lack of legal online casinos in the country.
Despite this, huge numbers of Canadians play at online casinos based outside of Canada, even though the practice is technically illegal. While the authorities are willing to prosecute casinos operating in the country without a licence, they are not willing to prosecute individual players. It is thought that, despite the laws, around 1,400 offshore sites are accessible to Canadian players.
Are Online Gambling Winnings Taxable?The main piece of legislation governing tax on gambling winnings is the Income Tax Act, and this states that players do not have to pay any tax when they win a game of chance – a phrase that encompasses all games found at an online casino. This is because wins are seen as “windfall” and not as earnings. The only people who might have to pay tax on their winnings are those whose gambling income forms a major part of their income. This means that, overall, Canada is one of the friendliest countries in the world for those not wanting to pay tax on their winnings.
How Canadian Players Make Deposits at Online Casinos
If you are playing at an online casino licenced in Canada, you should have no problems making a deposit, and will be able to use any available method – including credit/debit cards. These regulated casinos are certainly the best places to play, as they offer the highest amounts of safety and security for Canadian players.
If, however, you are playing at a casino not regulated in Canada, you could well find that credit/debit cards are not supported. In this case, most will choose to use an e-wallet service, with the most popular ones being Skrill and Neteller.
The Best Software for Canadian Players
Players in Canada have access to the full range of different casino software, meaning that they’ll be able to play games from companies such as Playtech, Microgaming and IGT, amongst many others. Players should have no problems when it comes to downloading this software to their computer, or playing the games via their browser. Many Canadians also choose to gamble using their mobile, and there are many Canadian casinos offering mobile-optimised sites to their players.
Resources for Canadian Gambling Fans
The below listing of websites represents some great sites for Canadian players interested in playing at online casinos to visit.