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Online gambling adds a whole new dimension to these figures, proving the fact that we Canadians love all forms of gambling – offline and online. Gambling has been around on Canadian lands for a long time – even before the birth of the nation! The First Peoples were found playing a game of chance when European settlers arrived in the late 1400s. Later on in 1892, all forms of gambling except for horse race betting were banned by the Canadian Criminal Code. Over the years, laws have relaxed and more forms of gambling gained legal status. The Canadian government permitted federal and provincial governments in 1969 to run lotteries to fund special projects.
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Gambling winnings in Ontario are generally not taxable, unless gambling is deemed your main source of income. In that case, the Canada Revenue Agency (CRA) may tax your earnings. If you’re unsure about your situation, it’s best to check in with an accountant or tax professional. If you or someone close to you is struggling with problem gambling, there is support available. In fact, Ontario is the headquarters for problem gambling research in Canada. The following resources include self-assessment tools, information on problem gambling, and access to in-person and online support services.
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