HOW NOT TO PAY TAXES ON GAMBLING WINNINGS

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Written by:
Tuomas Laine
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Reviewed by:
Henrik Visuri
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Last update:
18.7.2024
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At Bonusninja we have the answers to everything! In Canada, recreational casino winnings are tax-free, but professionals must pay taxes on their earnings.

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NorthStar Bets
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Tax-free Gambling Information

Tax-Free ikoni Tax-Free

Yes

Regulated Casinos ikoni Regulated Casinos

Yes

Winnings Reportable ikoni Winnings Reportable

No

Professional Gambler ikoni Professional Gambler

Taxed

Verification Required ikoni Verification Required

Yes

Tax International Casinos ikoni Tax International Casinos

Varies

Tax on Lotteries ikoni Tax on Lotteries

No

Province-Specific Rules ikoni Province-Specific Rules

No

Casino Guides

To enhance your understanding of online casino gaming before visiting an online casino, consider exploring our in-depth guides. These guides provide detailed insights tailored specifically for online platforms.

10 Reliable Tax-Free Casinos in Canada

Even though there are no tax duties for recreational gamers in Canada, you should pick your online casinos carefully to have a fun and secure gaming experience. To ease your search for a regulated and licensed casino with no hidden fees or charges, we carefully selected ten reliable online venues that guarantee safe and fair gaming:

Sl. No.
Casino Name
Payment Methods
Tax-free
1.
Golden Tiger
  • Credit card 
  • Bank transfer
  • eWallet
  • CAD EFT
2.
SpinAway
  • Credit card 
  • Bank transfer
  • eWallet
  • Instadebit
3.
Royal Vegas
  • Credit card 
  • Bank transfer
  • eWallet
  • Interac
4.
Casino Classic
  • Credit card 
  • Bank transfer
  • eWallet
5.
PokerStars Casino
  • Credit card
  •  Bank transfer
  • Instant eChecks
  • Interac
6.
Lucky Days
  • Credit card 
  • Bank transfer
  • eWallet
  • Paysafecard
7.
Wildz Casin
  • Credit card 
  • Bank transfer
  • eWallet
8.
PartyCasino
  • Credit card 
  • Bank transfer
  • Luxor
9.
Ruby Fortune
  • Credit card 
  • Bank transfer
  • eWallet
10.
DraftKings Casino
  • Credit card 
  • Wire transfer
  • Play+ prepaid card

Golden Tiger

Golden Tiger is operated by Apollo Entertainment Ltd. and is one of the Canadian online casinos with the longest presence in the market—since 2001. The casino owes its popularity to a wide range of online casino games and high payout rates. The casinos’ integrity, safety, and fairness for all players were confirmed by an independent third-party auditor—eCommerce Online Gaming Regulation and Assurance (eCOGRA).

Golden Tiger offers a generous loyalty program. Loyal players are highly appreciated and are rewarded through a generous loyalty program. Each play brings you VIP points and higher status levels.

To maintain the safety of online gaming, you may be asked to verify the info you provided while registering at Golden Tiger. The required documents might include:

  1. A copy or scan of a government ID, driver’s license, or passport
  2. A recent utility bill confirming your name and residence
  3. Proof of ownership of the preferred payment method

This verification process usually happens before the first deposit or withdrawal, and any suspicious behaviour may result in the banning of your account.

Golden Tiger Casino offers various deposit and withdrawal methods:

Withdrawal Method Withdrawal Time
small-payment-visamastercard-icon 1-3 working days
bank-transfer-logoecheck-logo 1-10 working days
e-wallet logo 1-3 working days

There is a 48-hour waiting period for withdrawals, while the ETA of the funds depends on the chosen payment method. 

SpinAway

Relatively new to the Canadian online gaming scene, SpinAway is already a famous gaming establishment among players. The casino was founded in 2021 by NGame N.V., a Curaçao-based company regulated by the Alcohol and Gaming Commission of Ontario (AGCO), so it’s secure for all players from Canada.

To prevent fraud and maintain the safety and privacy of players, SpinAway performs account verification and security checks during the registration process.

Before making the first deposit or withdrawal, you may have to provide a government-issued identification document, a recent utility bill, or a copy or a scan of your bank statement with your name and proof of address clearly stated.

Players at SpinAway can choose one of the following payment methods:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-icon 1-3 working days C$10
bank-transfer-logoecheck-logo 1-5 working days C$10
skrill-logo neteller-logopaysafecard-logomuchbetter-logointerac-online-logo-e 1-3 working days C$10

For all the payment methods, the minimum deposit and withdrawal amount is $10, and there is a 24-hour waiting period for transaction processing. Most withdrawals are finalized within five working days, depending on your preferred payment method.

Royal Vegas

A valid government-issued photo ID, a recent utility bill, or a copy or scan of your bank statement with your name and address clearly shown are all acceptable forms of identification to confirm your identity when creating an account at Royal Vegas. The name on the provided documents must match the info given when creating the account. The casino supports several banking options and their withdrawal times may vary depending on your chosen method. Check the details in the following table:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconinstadebit-logo 1-6 working days C$10
bank-transfer-logoecheck-logo 1-5 working days C$10
paysafecard-logomuchbetter-logointerac-online-logo-eapplepay-logoidebit-logo 1-3 working days C$10

Did you know?

In Canada, recreational online gambling winnings are tax-free, but professional gambling income must be declared and taxed.

Casino Classic

Casino Classic has been operated by Apollo Entertainment Limited since 1999 and is one of the oldest Canadian online gaming platforms. The establishment is regulated by the Kahnawake Gaming Commission, and according to the eCOGRA license, it is safe, genuinely random, and fair to all players. 

The withdrawal minimum is $50 for all methods, except for direct bank transfers with the required amount of $300. Casino Classic has a 48-hour waiting time before processing the withdrawals, regardless of the chosen method. The following banking options are available at Casino Classic. Additional waiting times may vary, but you can check out the ETAs in the table below.

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconmaestro-logo 1-2 working days C$50
bank-transfer-logoecheck-logo 6-10 working days C$50
skrill-logo neteller-logopaypal-logoecopayz-logo 1-2 working days C$50

PokerStars Casino

PokerStars Casino was established in 2015 as a spin-off of PokerStar, one of the most famous online poker websites in the world. It was founded by the Stars group, but today it’s under the leadership of Flutter Entertainment plc.—one of the biggest names in the casino market. The casino is licensed and regulated by the AGCO.

Regular players automatically participate in the loyalty program. The rewards can be collected through six levels based on your gaming activity.

To avoid fraudulent activities, PokerStars mandates that the withdrawal method must match your deposit method. Luckily, your banking options are not scarce.

Withdrawal processing times may differ depending on the payment method, so check the ETAs and payment methods in the following table:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconmaestro-logo 1-2 working days C$20
bank-transfer-logoecheck-logo 3-10 working days C$20
instadebit-logointerac-online-logo-eapplepay-logomuchbetter-logopaypal-logo Instant or Within An Hour C$20

Lucky Days

To prevent money laundering and fraud, Lucky Days requires the following details for registration:

  1. A government-issued ID, driver’s license, or passport
  2. A recent utility bill with your data clearly stated
  3. A copy of your credit card, bank statement, or eWallet screenshot

The casino offers numerous banking options, including:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconmaestro-logo 1-2 working days C$10
bank-transfer-logoecheck-logo 3-10 working days C$10
instadebit-logointerac-online-logo-emuchbetter-logopaysafecard-logoecopayz-logo Instant or Within An Hour C$10

The minimum withdrawal amount is $10, and there are no additional deposit or withdrawal fees charged by the casino.

Wildz Casino

Wildz Casino was launched in 2019 by Rootz Limited and is licensed and regulated by the Malta Gaming Authority (MGA). New in the casino market, the establishment attracts players with a seamless gaming experience and innovative approach.

The casino allows you to choose from the following payment methods:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-icon 1-2 working days C$20
bank-transfer-logo 3-10 working days C$20
instadebit-logointerac-online-logo-emuchbetter-logoecopayz-logo Instant or Within An Hour C$20

The withdrawal minimum is $20, and the casino will take up to 24 hours to process the transaction. Additional waiting times depend on your chosen banking option.

PartyCasino

PartyCasino is a long-standing venue, originally established in 1997 under the name Starluck. It’s operated by ElectraWorks Maple Limited and regulated by the Alcohol and Gaming Commission of Ontario (AGCO). 

The casino is very strict regarding its clients’ safety and adhering to the anti-money-laundering rules, so you won’t be able to choose your withdrawal method, as it must match the deposit option you used before. You also need to verify your identity to enable transactions. In case you use different deposit methods, your withdrawals will be spread between them.

At PartyCasino, you can choose between one of the following payment methods:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-icon 1-2 working days C$0
bank-transfer-logo 3-10 working days C$0
interac-online-logo-einterac-logomuchbetter-logo Instant or Within An Hour C$0

There aren’t any withdrawal limits, but the transaction waiting period may take up to 48 hours. The additional waiting time depends on your chosen payment method.

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  • Customizable gaming library
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  • Best game providers
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Ruby Fortune

Ruby Fortune was founded in 2003 by Castree Ltd. and is certified by eCOGRA and licensed by different regulatory authorities:

  1. Alcohol and Gaming Commission of Ontario (AGCO)
  2. Kahnawake Gaming Commission (KGC)
  3. Malta Gaming Authority (MGA)
  4. Swedish Gambling Authority (SGA)

Ruby Fortune is a safe and trustworthy gaming platform. All players must confirm their identity upon registration by submitting one of the following:

  1. A government-issued ID, driver’s license, or passport
  2. A valid proof of address

After your identity is verified, you can proceed with your first deposit. The minimum deposit is $10, and the minimum withdrawal amount is $50. Withdrawals may take up to 48 hours, which is a common practice in the online gaming industry.

For your deposits or withdrawals, you can use:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconinstadebit-logo 1-2 working days C$50
bank-transfer-logo 1-3 working days C$50
interac-online-logo-einterac-logomuchbetter-logopaysafecard-logo Instant or Within An Hour C$50

DraftsKings Casino

Since its launch as a fantasy sports platform in the U.S. in 2012, DraftKings has grown significantly. In 2020, it merged with Diamond Eagle and SBTech, and online gaming was introduced on the platform. The casino expanded to Canada in 2021 and took the market by storm.

This venue holds the Alcohol and Gaming Commission of Ontario (AGCO) license and partners with iGaming Ontario (iGO) for fair play verification.

DraftKings adheres to Canadian laws, so you must verify your info when registering on their platform. The casino collects different information on your playing habits, transactions, and personal details, but the details are protected by strict security policies and encryption. 

Payments are effortless and secure, and DraftKings doesn’t charge additional fees for deposits and withdrawals. Players can choose from one of the following banking options:

Withdrawal Method Withdrawal Time Minimum Withdrawal
small-payment-visamastercard-iconinstadebit-logo 1-2 working days C$10
bank-transfer-logoecheck-logo 1-5 working days C$10
paypal-logoe-wallet logo Instant or Within An Hour C$10

The minimum deposit or withdrawal limits may vary, depending on your chosen method but are typically $10, with the withdrawal processing time being 1–5 days.

Frequently Asked Questions

Who is exempt from paying taxes on gambling winnings in Canada?
?

In Canada, recreational gamblers are exempt from paying taxes on their winnings because these winnings are not considered a regular source of income.

When are gambling winnings taxable in Canada?
?

Gambling winnings become taxable if gambling is your profession, meaning you earn a consistent income from it and it’s considered a business activity.

What should professional gamblers do about their winnings for tax purposes?
?

Professional gamblers must report their winnings as income on their tax returns each year, which are then subject to taxation.

Are there any differences in tax requirements between online and land-based casino winnings in Canada?
?

The tax laws apply equally to both online and land-based casino winnings in Canada; what matters is whether the winnings are a primary source of income.

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