Online Casino Gambling in Canada
Online gambling is currently one of the most popular forms of entertainment in the 21st century. It is an industry that is continually evolving and improving. In the recent past, it has taken hold of the Canadian market, and its popularity is blowing through the roof. In light of this, we’ve taken the time to highlight some of the key things Canadian players need to be aware of regarding the online gambling industry.
Is gambling legal in Canada?
This is the most important point to note. Real money online gambling in Canada is legal. However, there is a set legal age that controls the industry. In most provinces - with the exception of Alberta, Quebec, Montreal, Manitoba, and Calgary (where the legal gambling age is 18) - the legal online gambling age is 19.
We should point out that Canada was among the first (if not the first) countries to implement online gambling rules and regulations when online casinos broke through the internet. With the online gambling laws, Canada requires that every online gambling site be licensed in every province it wishes to accept players from. On the other hand, players are advised to only register and play in casinos that are authorized. Licensing in Canada ensures that the games are fair and that players’ finances and financial information are secure. Luckily, there is a list of casinos that are licensed and accepted throughout Canada.
What payment methods are accepted?
When it comes to online payments, Canadian players will find things to be quite relaxed. There are numerous payment options, which include not only MasterCard and Visa, but also e-wallets like Neteller, PayPal, and Entropay. In addition to this, many online casinos that operate in Canada accept Canadian and US dollars. Though many players in Canada are already used to making the necessary currency conversions, with online casinos designed for Canadian players this hassle is removed.
Do you pay tax on winnings?
This is a common question - and a valid one at that. The correct answer to this question is no. However, this is assuming you aren’t a professional online gambler. If you are, then the story is slightly different. As a pro gambler, your winnings are taxed according to the standard income rates.
For this reason, we insist on the need to check with your tax advisor (to be on the safe side of the law).
What should you do when gambling becomes a problem?
While it is fun and all, we won’t bury our heads in the sand and assume that no player ever gets addicted to the game. Gambling is addictive, and it can damage social relationships and people’s lives. If at any time you feel as though it’s becoming a problem, then you should seek help in any of the institutions listed below.
- Problem Gambling - this is an organization that is based in Ontario that helps gamblers overcome their addiction.
- Gambling Problem Helpline - this is a helpline for players in Canada who need counseling. You can reach out to them on 1-866-322-2322.
We have taken the time to read through the rules and regulations in the Canadian online gambling space. As such, the information provided is reliable. However, even then, we encourage you to seek legal or tax advice from independent professionals to further help you understand the laws governing the industry.