Online casinos are legal in Canada. That doesn’t mean you can get rich gambling here, but it DOES mean you’re not risking prosecution if you know what you’re doing. These ten things will make sure you don’t get ripped off and end up wasting a lot of your time and money.
Canadians love playing slots. Canadians spent 7.8 billion dollars on the slots last year alone. However, the majority of this money is spent outside of our country. What does this mean? It means that many of these Canadians cannot enjoy the same level of protection as they would if they were playing in their home country. The truth is that Canadian online casinos are not regulated with the same stringent requirements that are in place for U.S. online casinos. This means that Canadian online casinos are free to operate almost anywhere globally, and they don’t have to comply with the same laws that govern land-based casinos. This gives Canadian online casinos a distinct advantage over their American counterparts. For example, many online casinos that accept players from Canada have no problem offering payouts in Canadian dollars.
In this article, we’re going to cover the basics: what online casinos are and how they work; the top 10 things you should know about online casinos in Canada; the differences between Canadian and American online casinos; and a few online casino insider secrets you won’t learn anywhere else.
The online casinos in Canada will be up and running within 90-days of receiving all required licensing approvals.
The Kahnawake Gaming Commission is in charge of overseeing all of Canada’s internet casinos. If certain conditions are met, online gambling is permitted in Canada. Your home country’s regulatory agency must license an operator for land-based casinos to participate in online gaming. Online gambling is regulated by the Federal Government of Canada, which governs all kinds of gambling in Canada. As a result, each of its ten provinces can regulate internet gambling within its borders. Government of Canada licensing is required for any Canadian online casinos to operate. As a result, all Canadian internet casinos are closely monitored and regulated by the respective provincial authorities, making them subject to strict oversight and control. Kahnawake Gaming Commission, the self-regulatory agency for all Canadian online gaming, also requires a license for any casino operating in Canada.
In this game, there are no rules about who can participate.
Online casinos in Canada have no restrictions on who can play. Lawyers, plumbers, stay-at-home mothers, pastors, and other clergy members are all included in this group. Everyone is welcome at online casinos in Canada, regardless of their age or financial status. Playing at an online casino is possible for anyone eligible to do so in their native country.
In this game, there are no boundaries on how much money you can wager.
There are NO restrictions on how much you can wager when playing at an online casino in Canada. Many online casinos in Canada offer much higher payouts than their American counterparts. Canadian online casinos are not bound to the same restrictions as to their American counterparts, which is why this is the case. Some Canadian internet casinos, for example, are exempt from disclosing their yearly net income or from filing the necessary paperwork with the appropriate government agencies. There are no limits on how much money Canadian online casinos can pay out to their players due to this rule change. The Government of Canada imposes maximum payment limits on Canadian online casinos.
In comparison, these restrictions are extremely minimal. No limits whatsoever are placed on how much an online casino can payout to its customers by the Government of Canada. If you can protect the casino from going bankrupt and not paying you, you can gain millions of dollars playing online casino games in Canada. Except in the case of a loss, pay n play casinos do not ask you to cash out your winnings.
The Canadian Government does not impose limits on the number of online gambling transactions per player.
The Government of Canada imposes no limits whatsoever on the number of online gambling transactions a person can make from the comfort and security of their home. Online casinos in Canada are free to offer as many bonus deals and promotions as they want without restriction. Using bonuses to boost your odds of winning is one of the most beneficial strategies to increase your chances of winning. A bonus program is critical to the success of any responsible gambling program. On the other hand, they get carried away with their bonuses and neglect to keep them under control in a balanced manner. This is not the situation when it comes to Canadian online gambling sites. To be considered legitimate, all Canadian online casinos must provide players with a substantial range of bonuses and guarantee that these incentives are administered in a very cautious and balanced manner.
There is no restriction on playing with different payment methods or currencies.
Online casinos in Canada are NOT restricted to U.S. dollars. Many online casinos in Canada accept payments from worldwide in the form of different currencies. For example, one of the best online casinos in Canada accepts payments from UK Pounds, Euro, Japanese Yen, Russian Rubles, Mexican Pesos, German Marks, Spanish Pesetas, Swedish Kronor, Norwegian Krone, Thai Baht, Brazilian Real, Australian Dollars, Indian Rupees, Korean Won, New Zealand Dollars, Philippine Pesos, and many others. This means you can use the same credit card or bank account to fund your casino accounts from anywhere in the world and play with the same peace of mind as if you were sitting at your computer at home in front of your T.V. set.
There are no extra taxes or fees imposed on Canadian players.
All online casinos in Canada are legally required to collect GST/HST (Goods and Services Tax) on all wagers made by Canadian players. However, there is NO extra tax or fee imposed on online gambling transactions by the Government of Canada. Therefore, playing at an online casino in Canada is the same as playing at a land-based casino. The only difference is that the operator (casino) has opted to offer its games via the Internet. The operator (casino) must pay GST/HST on all products and services it purchases for its online operation… and… it passes these costs on to its players. When it comes to taxes, there are no hidden surprises. The Government of Canada has mandated that all online casinos in Canada charge and collect GST/HST on all bets placed by its players. The Government of Canada does not impose any additional taxes or levies on your gaming transactions. Because of this, you may be confident that all applicable taxes and levies have been covered as well as the fact that you will not be confronted with any unpleasant surprises when it comes time to submit your tax return.
There is no time restriction on how long you may spend playing this game.
Unlike land-based casinos, online casinos in Canada have NO limit whatsoever on the length of time you can play. You are free to play for as long as you like since you are not competing against another human being but the casino. In addition, unlike in the United States, Internet gambling is not prohibited in Canada. As a result, there are no legal restrictions on the number of hours you may spend playing. When it comes down to it, most Canadian online casinos are only restricted by their sense of decency and justice. One of the most appealing aspects of online casinos is that you may essentially play from anywhere and at any time of day or night. Playing in a land-based casino is a whole different experience. To participate, you must be physically present at a certain location.
Additionally, you must budget a specific amount of time for transit to and from the casino. Online casinos in Canada provide a high degree of adaptability. Even if you work irregular hours, or if you are a shift worker, or if you don’t want to set up a certain amount of time to visit the casino, you may still participate whenever and wherever you choose. There are no limits or limitations that prevent you from playing online; thus, you can practically play whenever you want.
On the whole, online casinos in Canada are more generous with bonus offers than their U.S. counterparts.
Canada’s online casinos usually have more generous welcome bonus packages than their U.S. counterparts. Some online casinos in Canada will give you up to $1,000 in free cash just for signing up as a new player. Other online casinos in Canada will match (100%) your first deposit up to an additional $1,000 in free cash! Online casinos in Canada also tend to have much higher reload bonuses. For example, some online casinos in Canada allow you to refill with as little as 20% of the original amount you deposited. Other online casinos in Canada will match (100%) your second deposit up to yet another $1,000 in free cash! Online casinos in Canada also tend to have much higher maximum withdrawal amounts.
All players must be at least 18-years old.
All operators of online casinos in Canada must adhere to strict licensing and regulations by the Government of Canada. Therefore, all players at an online casino in Canada must be at least 18-years old. If not, the operator can be fined or even lose its license to operate. Also, all players must be Canadian residents, and there are no exceptions to this rule.
As you can see, there are several unique differences in playing online as opposed to playing “the regular way” at a land-based casino. These differences make online gambling a much more appealing option for many people. However, before you decide to play online, you should first talk to your accountant or tax preparer about the implications of Internet gambling for you and your family. Internet Gambling Is Not For Everyone: Some people (including me) believe Internet gambling is relatively harmless.
The Government of Canada monitors all online casinos in Canada.
The Government of Canada does NOT permit an operator to offer online gambling to Canadians… unless… that operator has been licensed and approved by Canada. ALL operators of online casinos in Canada must keep detailed information about their players. This information includes but is not limited to the date the player opened an account, the amount deposited, the amount won, the type of payment used, the time and date of each deposit and withdrawal, and so on. This information is then collated and analyzed by the Government of Canada. Suppose the Government determines that a certain individual or entity uses an online casino for improper purposes (such as gambling). In that case, the Government will take action against that individual or entity. In extreme cases, the Government can revoke the license of the online casino operator. This means the operator would be unable to continue to operate its website and would be forced to close down. The operator also faces fines and imprisonment. So do yourself a favor and don’t use an online casino if you have anything to hide.
In Canada, playing at an online casino offers several distinct advantages over playing in a land-based casino. However, before you decide to play at a Canadian online casino, consider the following: it’s imperative you first understand the potential negative ramifications of doing so. No matter how good the deal is when you sign up. Internet gambling is still gambling. And as such, if you or someone in your family becomes addicted, the problems you could face are truly enormous. So talk to your family, think about the issues I have raised in this issue, and if you are still set on gambling online, then proceed with caution! Only bet with the chips you’re given when you join the website. And, finally, if you have a gambling problem, please seek professional help.