Do you plan to start some gambling business in Canada? Check this article first!
Canada is known with its tolerant attitude towards many questions, including the gambling businesses. Casinos has been remaining legal in Canada since 1999. During the same period, the Canadian government released appropriate legal acts and established the Kahnawake Gaming Commission and other regional organs in provinces.
Gambling Business Laws in Canada
The gambling business in Canada is regulated with the criminal code articles 204, 206 and 207. These are principal laws serving as basements for other, more detailed regulations on local province levels.
The gambling business regulation in Canada depends on provincial governments. There are 13 regions in the country, and each of them has different features in terms of gambling.
Canadian Provinces: Gambling Regulation Differences
As different provinces have different laws, the business itself is characterized differently as well. In some provinces, persons at their 18 and older are allowed to gamble. Other ones raise the age to 19. Some local governments have only lotteries legal, while others allow functioning of full-scale casinos, betting and horse racing.
Taxing the Gambling Rewards in Canada
Also, Canada does not apply taxes on gambling rewards unless they are marked as earnings. The difference between the reward and the earning according to Canadian laws is in:
- Special skills required and involved;
- Payout regularity;
- Future payout expectancy.
This means, taxes may apply to professional poker players but shouldn’t apply to those gambling for pleasure.
Online Gambling in Canada
What about online slots in Canada The online gambling in Canada is regulated with the same criminal code articles. Currently, no prohibition words about online gambling are mentioned there. In case the player belongs to the category of juvenile persons or the activities fall under the mentioned article statements, the responsibility is after those organizing the gambling opportunities.
