Canada Real Money Online Casino 2020

Deciding which casino to sign up to is always a tough decision. There are many choices out there on the internet nowadays, it’s almost impossible to know where to put your money. That’s where we come in. We’ve done the hard work for you and picked out the best online casinos in Canada for you. Check out the list below of our top real money sites.

Online casinos are extremely popular in Canada and there are many Canadian players out there looking to enjoy the online gaming experience. To help these players with their journey we’ve put together some important information about Canada real money online casinos. Read on to discover the realities of casinos online as we cover topics such as regulation, safety, banking, RTPs, bonuses, taxes, and our overall best Canadian casino picks.

Are real money online casinos legal in Canada?

According to the Canadian law, gaming companies are not allowed to operate within the local borders, but players are free to access offshore casino sites without running into trouble with the law. Many of the top casino sites are licensed with the UK and Malta authorities and these both support Canadian players.

Are real money online casinos safe?

Playing at safe and secure real money online casinos should be a top priority for all players, Canadian and worldwide. The safety aspect ensures that your banking transactions and personal information are safe, and that the overall gaming is fair. How do you know if an online casino is safe?

Firstly, you should check for an official license from one of the leading gambling authorities. Top names include Malta, UK, Gibraltar, and Alderney. The Kahnawake Gaming Commission is also a special regulatory body that issues various licenses to online gaming sites such as casino, poker, and sportsbook in the Canadian territories.

Securing a license requires the managing company of a gambling site to meet certain criteria. Data protection and fair gaming are huge areas for any gambling authority and so if you see casinos licensed by any of the top authorities mentioned earlier, you can trust them to be safe and secure.

Which are the best online casinos in Canada?

Check out the list at the top of the page of the best real money sites.

Can you win money with online casinos and what is the RTP?

You can potentially win a lot of money playing at casinos online but this should not be the reason that you sign up and play. These sites are entertainment sites and winning should always be looked at as a bonus. You’ll find many casinos with progressive jackpots and big-money games that run into the millions but the chances of winning these prizes are usually very small. The chances of winning the various games at casinos are all related to the RTP.

The RTP stands for ‘Return to Player’ and shows you the percentage that the game will payout on average to all players. The ‘all players’ is the important part here and so it the percentage does not relate to you personally. You could quite easily play a slot game with a 97% RTP and not win anything over a gaming session. Whilst your friend could play the exact same game and win thousands of dollars.

Most slot games sit around the 95-96% RTP mark and this is considered to be a fair percentage for most players. Jackpot games will be lower at around the 90% mark and some games are known to offer RTP’s of 98% and above with very high payout rates. The best RTP can be found in games with bets close to the 50% mark, such as the red/black bets in Roulette.

Not all casinos will state their overall RTP or the individual RTP for each game, but the best place to look is in the footer of the homepage. Here you might find a link called RTP that will take you to a list of the games available on the site along with their RTP percentage.

How to deposit and how to cash out from an online casino

Depositing and cashing out your winnings might seem daunting to some people, but nowadays there are many excellent options that make the process easy and trouble free. Players are tending to look towards e-wallets like the Canadian e-wallet Interac as they offer more privacy and quicker transactions.

Depositing funds into your account is usually instant with either your bank card or e-wallet option. As long as you have funds to transfer then your account balance will be credited instantly, provided that you have verified your account using official ID documents with the customer support team.

In terms of cashing out any winnings, you again have a choice but usually you’ll be asked to use the same payment method with which you funded your account. The main thing to think about here is the time it takes the casino to process your withdrawal. It often takes no longer than 24 hours for e-wallet transactions whereas a withdrawal to your bank card can take as long as five working days.

Bonuses and promotions

Bonuses and promotions are a huge factor to consider and claiming the right bonuses can boost your bankroll and enhance your gaming sessions. Welcome packages are usually the most lucrative with hundreds of dollars in bonus money and free spins available to play with. Just make sure you read up on the Terms and Conditions to understand the full details, including the wagering requirements and game contribution rules.

Are casino winnings taxable in Canada?

Canadians are not required to pay any tax on winnings made whilst playing at online casinos for real money. However, any interest made off of your winnings need to be legally declared via a T5 form.