canada

PAYMENT METHODS AND ONLINE CASINOS IN CANADA

Top Casinos and Best Banking Options for Canadian Players

It may come as a surprise to know that Canadians not only love putting maple syrup on everything but also enjoy online gambling very much. The Canadian online casino market is just as competitive as in other parts of the world, which is good news in the sense that players have an excellent choice of high-quality websites to choose from.

If you are looking for the leading online casino brand in the country, you will have to consider several options before you come to a final selection and the options that you do discard will also be good sites, maybe just not the most suitable for your personal gambling preferences. Worry not, as CBM is here to help you dig up the best online Canadian casino along with the most convenient online banking methods for Canadians.

For some, gambling is a nice pastime. For others, a hobby. There are also people who take it to the next level and become regular gamblers, which is also perfectly fine. CBM is here to point out the importance of using proper banking methods while you gamble and also the importance of playing at trusted, licensed sites. Our message is the same for Canadian gamblers. No amount of maple syrup will help if you stray away from trustworthy casinos and secure casino banking methods for Canada. You will not cut out any fun time if you stick to these simple postulates. On the contrary, you will have the best time by playing it safe and at recommended sites.

Gambling is prevalent in Canada among both males and females, and there are plenty of attractive sites to explore. In addition, the online gambling laws in Canada are a lot more relaxed compared to their neighbors, the United States. If you are from Canada, stick around, we can assure you that you will get a decent amount of useful info regarding the Canadian online gambling possibilities.

Best Canadian Online Casinos 2020

Knowledgeable CBM team members have spent hours looking into the selection of casino sites available in Canada. Not because our researchers are idle, but quite the opposite – because they invest hard work into providing you with the proper information about the best online casinos in your area. We want players from Canada to have the same optimal choice as players from other regions we cover on the website. Canada is a big online gambling market, but through applying our stringent rating system, we’ve succeeded in identifying multiple casino sites with the most exciting bonuses, fair and secure operations in place and the most favourable banking possibilities for Canadian virtual gamblers.

PlayOJO

91.50%

18 + | New Customers Only |

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  • No wagering requirements
  • High limits
  • Excellent live casino

LeoVegas

91.17%

18 + | New Customers Only |

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  • Impeccable reputation
  • 200+ live dealer tables
  • Seven gaming licences

Bitstarz

91.00%

18 + | New Customers Only |

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  • Excellent track record
  • Very fast withdrawals
  • 170+ live dealer tables

7Bit

89.83%

18 + | New Customers Only |

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  • 10-minute cashouts
  • Impeccable reputation
  • Over 200 live dealer tables

BetWinner

89.83%

18 + | New Customers Only |

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  • 6,500+ casino games
  • 200+ live dealer tables
  • 140+ payment methods

King Billy

89.83%

18 + | New Customers Only |

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  • Great table game options
  • Four live dealer providers
  • Cryptocurrencies accepted

22Bet

89.67%

18 + | New Customers Only |

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  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

Masked Singer

89.50%

18 + | New Customers Only |

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  • Lightning-fast payouts
  • The Masked Singer branding
  • Top-notch live casino

King Billy MGA

89.33%

18 + | New Customers Only |

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  • Over 4,000 casino games
  • Free deposits & withdrawals
  • Plenty of native live tables

Royal Panda

89.00%

18 + | New Customers Only |

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  • Impeccable reputation
  • Fast cashouts
  • Impressive live casino

Top Casino Banking Methods in Canada

The combination of available payment methods tells us a lot about the casino. Offering a poor choice of banking solutions is equivalent to treating customers poorly. We want to see casinos offering a variety of payment methods that guarantee fast, safe and secure transfers whether users are depositing or withdrawing. Which online banking options are the most popular and most reliable for Canadian players? Take a look below.

85%
Interac Logo
Review & Best Casinos
  • Best option for Canada
  • Top-notch security
  • Tightly regulated by banks
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84%
INSTADEBIT logo
Review & Best Casinos
  • Wide array of INSTADEBIT casinos
  • Positive player feedback
  • Excellent customer support team
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85%
iDebit logo
Review & Best Casinos
  • Amazing security at multiple levels
  • Great option for Canada
  • Highly efficient customer support
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89%
MuchBetter logo
Review & Best Casinos
  • Quick casino deposits & withdrawals
  • Available around the globe
  • Designed with iGaming focus
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92%
Visa Logo
Review & Best Casinos
  • Fast casino transactions
  • Available around the globe
  • 165 supported currencies
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91%
Mastercard logo
Review & Best Casinos
  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
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90%
ecoPayz Logo
Review & Best Casinos
  • Quick casino deposits & withdrawals
  • Available around the globe
  • Designed with iGaming focus
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86%
Bitcoin Logo
Review & Best Casinos
  • Fast and secure transactions
  • Free casino deposits & withdrawals
  • High maximum cashout limit
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86%
Paysafecard logo
Review & Best Casinos
  • Fast & secure payments
  • Positive player feedback
  • Very good reputation
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86%
Bank Transfer logo
Review & Best Casinos
  • Trusted, traditional method
  • Widely available
  • Supports deposits & withdrawals
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86%
Ethereum logo
Review & Best Casinos
  • The safest cryptocurrency
  • Constantly updated and improved
  • More stable than BTC
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85%
Jeton Logo
Review & Best Casinos
  • Fast deposits & withdrawals
  • Low fees
  • 1% Instant Cashback
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Laws and Regulations on Online Gambling in Canada?

Regulation icon

Decades ago, gambling was illegal in Canada. With society evolving, the laws change as well. Slowly, a more liberal approach led to laws allowing various forms of gambling in the world’s second-largest country. However, heavy restrictions are applied in the sense that gambling within the borders of Canada is considered legal if managed by the government (either on a federal or provincial level). This general rule applies particularly to land-based casinos and charitable options such as bingo and raffles.

In terms of online gambling, Canadian law doesn’t prohibit the practice of betting on the internet. The service, however, must be licensed or owned by a provincial government. The player is not required to play strictly at domestic sites. Players are free to play at any offshore casino that will accept them.

Certificate icon

The Criminal Code of Canada, which is the official codification of criminal acts and procedures in the country, allows provinces to decide on their own how they wish to enforce gambling rules. In Quebec, for example, gambling is regulated under Lotto Quebec. The province administration created the site Espacejeux and made it the only online gaming platform regulated by the Quebec Alcohol, Racing and Gaming Commission.

It is also worth mentioning that there is another regulatory body within Canada, and that is the Kahnawake Gaming Commission. This regulatory body licenses gambling sites and there are sites considered offshore that have servers located on the native reserve of Kahnawake. Some see this institution as an anomaly, while some still consider it to be a solid regulatory body within the industry as a whole.

The legal framework in Canada concerning gambling online is quite interesting, but more importantly, it is healthy for responsible online gamblers. Winnings from casinos are not taxable unless these activities are seen as a form of employment and Canadian gamers are free to continue playing at a vast selection of international casino sites, which usually surpass local gaming portals in terms of game selection and quality.

Can Casinos That Accept Canadian Players Be Trusted?

Handshaking icon

As mentioned, gambling activities in Canada are not unregulated. The reformed Criminal Code allows provinces within Canada to regulate and license gambling in their regions. Some of the provincial gaming authorities include Ontario Lottery and Gaming Corporation, Alberta Gaming and Liquor Commission, Saskatchewan Liquor and Gaming Authority, Lotto Quebec and New Brunswick Gaming Control. When not regulated by provincial authorities, Canadian online gambling sites are usually licensed and regulated by the Malta Gambling Authority, the UK Gambling Commission and the Gibraltar Regulatory Authority.

Fair gaming icon

The Kahnawake Gaming Commission is a special gaming regulatory body situated within the Mohawk Territory of Kahnawake in Quebec. There are also some Canadian-friendly websites that are under the control of the Kahnawake Gaming Commission. If you are not sure that a casino site that caught your eye is reliable and trustworthy, always check the bottom of the homepage before registering and especially before making your first deposit.

Take a look at the logo of the authority that issued the license for the site in question and if it corresponds to any of the mentioned regulatory bodies, you can proceed knowing that your gambling activities will remain within a safe, regulated environment provided by a healthy legislation model.

Best Casino Bonuses for Canadian Players

50 Super Spins
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Fortune Legends

Free Spins

No Wagering

Not needed

None

Ongoing

€150

No maximum

96%

50 Free Spins No Wagering
Get Bonus
PlayOJO

Free Spins

No Wagering

Welcome Package

Not needed

None

Ongoing

€10

No maximum

96%

5% Live Casino Cashback
Get Bonus
5% Live Casino Cashback

Cashback

No Wagering

Not required

None

Ongoing

€2

No maximum

95%

Win up to £25,000
Get Bonus
Masked Singer

Deposit

Free Spins

Not needed

60x (Free Spins winnings)

Ongoing

£10

£100 for Free Spins

92%

35% Instant Cashback
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35% Instant Cashback

Cashback

Not required

10x

Ongoing

$10

No maximum

91%

Money Back up to €40
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Gambola

No Wagering

Not needed

None

Ongoing

€10

No maximum

91%

100% up to €100 + 50 Free Spins
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LeoVegas

Deposit

Not needed

20x

Ongoing

€10

No maximum

89%

Evolution Free Chips Promo
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Evolution Free Chips Promo

No Wagering

Not required

None

28 Feb 2021

50 mBTC

No maximum

88%

Local Payment Methods to Consider

Canada banking icons

Out of many casino payment options that are available for Canadians, we’d value local options over international banking solutions. Aside from being popular, these methods are also very convenient and easy to use. Interac is one of the safest and most convenient Canadian casino banking options, followed by iDebit/Instadebit. It is noticeable that there is a great variety of instant banking/e-wallet possibilities open for players from Canada. Citadel is also one of the more prevalent payment options among Canadian online gamblers, as it allows users to make direct transfers from their bank accounts and funds their online casino accounts with barely any hassle.

Interac is still the most straightforward and one of the safest Canadian banking options. Since the system is well integrated into all the major Canadian banks, it is extremely easy to use to fund casino balance accounts. Top Canadian online casinos will not make the grand mistake of not offering this Canada-exclusive service within their cashier. Instadebit is an excellent choice for bettors with banking accounts in institutions such as RBC, TD, Scotiabank, BMO and several other credit unions. Boku, although not a native Canadian banking service, it is well-supported by Bell Canada and TELUS Mobility, making it a great mobile payment alternative.

Depositing with CAD Currency

Canadian dollar symbol

The Canadian Dollar is the official currency of Canada and players from Canada would normally like to be able to deposit in their local currency at online casinos, just like they pay with CAD when they shop online. This is very much possible and easy. Paying in foreign currency demands an extra service and the user ends up having to pay exchange rate charges. Why should you do this when you can simply avoid conversion rates by paying in your domestic CAD currency?

Since you agree with us, let us also let you in on a secret – CAD currency is widely accepted at online casinos, even international ones. That being said, don’t worry about finding good online casinos that support CAD. All the top-rated Canadian casinos on the web will accept deposits in Canadian Dollars and pay winnings in the same currency.

Fun Facts

  • The majority of the gamblers in the country are male, constituting 80% of all gamblers in Canada.
  • Betting on lottery tickets is by far the most popular gambling activity by far in the Great White North, with a participation rate of 65%.
  • The total revenue in 2019 of the gambling Canadian industry was C$15 billion.
  • Poker is the number one online game, with 59.7% of Canadians placing bets on online poker.
  • If you win a sweepstake in Canada, you are required to answer a math question. This serves the purpose of avoiding gambling tax for professional gamblers.
  • Most of the biggest jackpots happened over the past 5 years and 3 of the top 5 progressive slots winners in Canadian online casino history remain anonymous. A Vancouver resident walked away with C$7.5 million dollars playing Mega Moolah on a mobile device in 2015, which still stands as the biggest mobile jackpot win in Canada.

FAQ

Gambling age in Canada is a limitation dependent on the province the person is located in and goes from 18 to 19 years of age. One needs to be over 18 years old to gamble in Alberta, Manitoba and Quebec. However, casinos in British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan will not accept patrons younger than 19.

Certainly. There are numerous communities and institutions willing to support anyone who believes to have a problem gambling. You can reach out to the following organisations and groups for assistance: Gamblers Anonymous, Problem Gambling CA and Gam-Anon. The grand majority of today’s casinos offer self-exclusion arrangements, so you can also look into those.

According to the Income Tax Act, Canadians who win money by playing the lottery or other games of chance do not have to pay any income tax on the winnings. This also applies to winnings from sports betting and casino games like poker and slots. The shortest answer would be that you don’t need to pay any taxes on online casino winnings in Canada. However, it wouldn’t be a complete answer. You may be taxed if you earn large amounts of money from gambling very frequently. Heavy gamblers in Ontario, for instance, have to pay a tax of 9.15% on any income between $42,201 and $84,404. The tax rate can go higher if the earnings are higher as well.

Well, not all of them and not always. Surely you will see that at Canadian sites, Canadian Dollars are used by default for money transactions – both deposit and withdrawals. If you resort to an offshore website that doubles as an international gambling site, you will likely have the possibility to carry out transactions not only in CAD, but also in US Dollars, Euros or British Pounds. Of course, we would advise to still use CAD as your preferred currency to avoid any exchange fees.

Yes, recommendable Canadian online casino sites are legit, even if they may not be based in Canada. All the gambling sites suggested by CBM are licensed and committed to protecting players and their privacy. They are regularly audited and tested to ensure that the games are fair and you can be sure that your personal data will be safely stored on secure servers while you are registered as a member.

There is a huge variety of bonuses available for Canadian online casino players. Beyond the initial welcome bonus (made up usually of a deposit bonus and free spins), there’s also the following list offers: cashback (awards a small percentage of your losses back), reload bonuses (match deposit bonuses), free play bonuses, free spins on slots, tournament promotions, high roller offers and more. CBM will try to always bring you an updated list of available bonuses to make use of.

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