When asked why he failed to disclose the money in his CRA returns, the defendant argued that gambling wins were tax-free. He was right—gambling income in Canada is tax-free. Whether you play casino games casually or you’re a professional, the CRA does not come after your wins. In Canada, online gamblers who make a living playing games of chance are perceived as professionals, which is why their winnings are seen as income and are, therefore, taxable. The tax rates will depend on the players’ location, as they differ in each of the provinces and territories. There is no gambling winnings tax in Canada if you are a recreational gambler. The Canadian Revenue Agency generally keeps its hands off any money earned through gambling. We use the term “generally” because there are exceptions to the rule. Are Gambling Winnings Taxable in Canada – What the law says. On the Canadian Revenue Agency (CRA) website, there is a page that lists the types of income that you do not need to declare on your tax return. Included in that list is “most lottery winnings.” That’s because occasional lottery winnings in Canada are considered a windfall, according to the Canada Income Tax Act. Gambling winnings are not taxable in Canada. Whether it’s a casino or a lottery win, the law is very clear. These amounts are not considered taxable income. The only exception to this rule would be for a person playing a casino game with a reasonable expectation of revenue. There is no tax rate on gambling winnings in Canada. The amount of tax, if applicable, on gambling winnings in Canada depends on your total income from gambling plus your total income earned through other sources minus your total losses from gambling. Following the established British model, gambling winnings in Canada are not taxable, therefore gambling losses are not deductible. Canadian players can place their bets without worrying that the government will take a massive chunk of their fairly earned money. And taxed or not, it is the fun of the game that should be players’ drive. Canada Revenue Agency’s position is that “an individual may be subject to tax on income derived from gambling itself, if the gambling activities constitute carrying on the business of gambling.” Note that this includes all currencies besides just CAD, although it’s questionable if bitcoin gambling is included here. Gambling winnings are not taxable in Canada. Whether it’s a casino or a lottery win, the law is very clear. These amounts are not considered taxable income. The only exception to this rule would be for a person playing a casino game with a reasonable expectation of revenue. Any income subject to these conditions in the Canadian Tax Code is subject to taxation as business income. Whether this ... No - Canadians do not have to pay taxes on gambling winnings from horse racing, sports betting, lotteries, online casinos and any other games of chance. However, if you earn interest on your winnings, you must legally declare that on a T5 form. This interest is taxable.
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