Are online casino winnings taxable in Canada?

Just won a big jackpot while playing here in Canada! Does anyone here know if my winnings are taxable?

Answers( 1 )


Before anything else, congratulations on winning that jackpot! Do not worry because if you are a resident of Canada, you do not have to pay taxes on your online casino winnings. According to the Canadian Income Tax Act, whether you're playing online or in a brick-and-mortar casino, your winnings are non-taxable. You can learn more about duty-free casino gaming in Canada from the link below:

http://www.canadacasino.net/gambling-taxes

However, it is important to know that there are still some types of casino winnings that are taxable. For instance, if you are a professional poker player and online casino gaming is your primary source of income, then your winnings are deemed to be taxable.

You are very lucky to be living in Canada right now! You can play, win and not worry about paying taxes for the prizes. Did you know that there are UK online casinos that you can access from Canada? You can bring your online casino experience to a higher level by going international! Check out our list of top-rated online casinos now!

https://www.hityah.com/casino/all


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