Legality of Canadian Online Casinos
While there is no explicit law that states Canadian online casinos are legal, there is no law that prevents their existence either. This allows casinos that are registered in other countries to operate in Canada and serve Canadian customers.
There are also online casinos and poker rooms that are run by the different Canadian provinces. For example, the Kahnawake Gaming Commission is responsible for providing licences to any online casino that wants to operate out of Kahnawake. Most licences are granted if the authenticity of the gambling site is verified and the site agrees to pay the application and licensing fee, which can total $30,000.
Managing Money at Online Gambling Sites in Canada
Ideally, Canadian gamblers will choose casinos that are given licences by their province’s or region’s gambling commission. However, this is not always possible. Sometimes websites that are not licensed in Canada, but operate legally in other countries, may be more enticing. If this is the case, the Canadian gambler should look for a site that offers deposits and withdrawals in Canadian dollars.
Choosing a casino that offers Canadian Dollar as a currency is very important. This will eliminate the need to go through currency conversions every time you want to put in or withdraw money. Currency conversions can lower the value of your holdings, in addition to exchange fees.
Canadian gamblers are allowed to deposit and withdraw money from online casinos using their credit and debit cards (Visa, MasterCard), along with traditional bank transfers. It is also acceptable for Canadians to use online payment tools. Virtual credit and debit cards may be used to protect your real card number, while online payment services such as PayPal are also a viable option.
Top Legal Canadian Online Casinos
All Slots Casino: Click to read review
With SSL Encryption and a licence from the Kahnawake Gaming Commission, All Slots is one of the safest Canadian online casinos. Their payout percentage for all games stands at just above 96%, with this number certified by eCOGRA.
Omni Casino Casino: Click to read review
Their huge bonus structure offers $100 as a deposit bonus, $200 with the second deposit, $120 free every time you make a deposit on Sundays, and a special $500 deposit bonus for high rolling clients (deposits of great than $1,000). This site is licensed in Curacao and they claim to have the highest levels of internet encryption.
Spin Palace Casino: Click to read review
This site has access to P128-bit SSL Digital Encryption for all data that is entered, along with any game sites that are opened by players. The eCOGRA website shows that Spin Palace casino pays out in 97% of all cases. This payout rate refers to transactions from January to July.
Maple Casino: Click to read review
This is one of the top Canadian online casinos that has a special $3,000 free bets offer. This offer gives you $3,000 in your account and a one-hour time limit where you can gamble as much as you want. Any balance over $3,000 at the end of the hour is transferred into your real betting account. Their licence is provided by Malta and the encryption on the site stands at 128 bits.
Royal Vegas Casino: Click to read review
The eCOGRA statistics for payouts from online casinos shows that Royal Vegas fulfills 95% of games. Through a series of deposit bonuses, players can earn up to $1,200 in free betting money at one of the finest Canadian online casinos.