Gambling is one of the activities that have legal controversies across the globe. Gambling is common and is looked at by many as a welcome form of entertainment. In many countries, including Canada, gambling of any form was outlawed. However, over time this has changed and today in most countries gambling and online casinos are legal and lucrative industries. In Canada, gamblers are quite concentrated and online casinos have become very common. Nonetheless, laws surrounding online casinos are still considered a grey area.
Canadian law states that players are not supposed to be found in gambling houses. However, it does not mention online casino gambling, which is translated to mean it is not illegal. This has been interpreted by many to mean that online gamers can gamble and participate in online casino activities without breaking the law. The law is however very specific that no casino is allowed to operate in Canada without the proper licensing. The Kahnawake Gaming Commission has licensed and regulated a few operators who run some real money online casino Canada sites.
Gambling in Canada is regulated differently in various provinces. Players need to take time and find out the laws and regulations of their specific province. However, some important things to note about the legality of online casinos in Canada is:
- citizens have never been prosecuted for participating in online casino gambling;
- those Canadians who have gambled online and won were not required to pay taxes on their profits;
- it is safe to play and place wagers on online casinos;
- it is illegal to run any casino operations including online without proper licensing.
The laws make it difficult for investors to invest in online casinos in Canada. One may wonder if gamblers in Canada interested in online casino gambling can find online casino real money Canada sites. Since gambling itself is not illegal, foreign online casino sites offer services to Canadians. Players interested in various online casino games can comfortably sign up in various online casinos. Most of the offshore online casinos have set up servers in Kahnawake to make it easier for Canadians to access. However, players need to be keen and confirm if the online casino they choose allows Canadian gamers and has provisions for payments using Canadian banks and cards.
Canadians who participate in online casino gambling are not taxed for profits they make through gambling. This applies if one gambles as part of their leisure and entertainment. When one is involved in gambling as their full-time profession, they may be taxed in some provinces when declaring income. When looking for an online casino Canada real money site, it is always advisable to confirm they are real, legal, and safe. The authorities in different provinces in Canada are doing a lot to protect their citizens from exploitation while allowing them to enjoy the popular activity.