Hence, the Canadian residents, who win an American lottery are obliged to pay only a 30% tax on their winnings to the US Internal Revenue Service (IRS). Following the established British model, gambling winnings in Canada are not taxable, therefore gambling losses are not deductible. The Canada Revenue Agency (CRA) states 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.”. This suggests that any person who partakes in gambling as a business exercise is therefore liable to pay taxes. Gambling Laws In Canada. Before you can enjoy any form of legal gambling in Canada, it is imperative that you possess a basic understanding of Canadian gambling laws, and how they are relevant to the nation’s gambling market. Gambling age in Canada is a limitation dependent on the province you are located in. One needs to be over 18 years old to gamble in Alberta, Manitoba and Quebec. However, casinos in British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan accept only patrons over 19. The provinces and territories have different gambling laws. However, the tax rules for gambling winnings are the same across Canada. Professional gamblers must pay tax on their winnings while recreational players are entirely exempt. What a country to live in! You might also like: Deeper Dive into Taxation of Gambling in Canada It's also important to remember that gambling tax laws are different to the Criminal Code laws that regulate gambling in Canada as a whole. Professional Gamblers Just spending a lot of time gambling and even being a consistent winner is not enough to make you a professional in the eyes of the law. Gambling losses are not deductible on your income tax if you only gamble for fun. The laws around gambling taxes were also developed for offline betting inside Canada. Betting in Canada is regulated and taxed already. The Canadian Government may one day develop new laws taxing gambling winnings won online or outside of Canada. If you are a full time gambler, online or offline, and make a living from betting, you are required to file taxes. Professional poker players, blackjack players or any other professional gambler are viewed as operating their own freelance business. This is taxable in Canada. There is a catch to this. At the federal level, the Code is the primary legislation that impacts gambling in Canada, as it contains both the primary prohibitions and exceptions respecting gambling and the federal penal law concerning proceeds of crime including money laundering (Part XII.2) and the financing of terrorism (sections 83.02, 83.03, and 83.04).
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