Gambling Wins Reports in Canada & Cryptocurrency

Well, you understand that net income is taxable when this money is withdrawn to your bank account and the government tracks it. But what if you withdraw winnings via ways which can’t be tracked by authorities? Cryptocurrency can help a lot in this regard since the payment option is fully anonymous and doesn’t force players verify their identity or provide other proofs of any kind.

Payment options like Bitcoin are extremely popular worldwide, and Canada is no exception. We understand that the method can be very different compared to fiat payment options, but our team is here to clarify this aspect and explain how to play casino games for cryptos with no taxes:

1. Choose a top real money Canadian casino relying on our objective rating
2. Select an online or downloadable service to open a cryptocurrency wallet
3. Top up the wallet by purchasing cryptos or exchanging other currencies
4. Enter the casino’s account and pick your currency in the depositing section
5. Send the specified amount to the generated address (you can use a QR code)
6. Enjoy real money games and withdraw crypto wins with no reports

The world of blockchain payments is really diversified, and Canadians, actually, shouldn’t learn about all the available options. However, we believe that it’s helpful to explore at least the top-5 cryptos to understand which one is the most suitable to open an account and place real money casino bets:

The issue of Canadian gambling taxes may be a bit confusing for customers who haven’t explored this subject yet, but we are here to differentiate several essential facts. Simply put, most gambling income of the country is based on taxes from companies which provide gambling services, while players can rest assured. These are the taxes which should be paid by Canadian operators, not players:

• Ontario – between 5.05% and 13.16%.
• Quebec – 14% tax on their first $49,275 of earnings.
• Manitoba – 10.80% (income levels up to $36,842), 12.75% ($36,843 to $79,625), 17.40% (over $79,625)
• British Columbia – 5.06% for the first $45,654 of earnings and gradually increase to 20.50% for income of over $240,716.

In reliable online casinos in Canada with no taxes, you can play a lot of gambling entertainment that supports all payment systems, including crypto. Of course, in all such casinos, there are more than 4,000 games, and therefore, we decided to add a list of the most popular ones that may interest you for their mechanics, RTP, and potential.

• Slot machines
  Online slots are a popular form of entertainment where you need to spin the reels to match the same symbols on the lines. Also, such games have many bonus modifications, such as cascades, free spins, Megaways, and jackpots.
• Crash games
  Such games came to us from the crypto world and they, as a rule, have very generous potential. Players need to place a bet and watch the multipliers grow, and most importantly, they need to collect winnings in time before the multiplier explodes.
• Table games
  In the table games section, you can play the most famous software, such as poker, baccarat, roulette, blackjack, craps, and bingo. In this type of entertainment, gamblers will play in single mode which is not live gameplay in real time.
• Live software
  In live games, gamblers will be able to gamble with live dealers and at the same time communicate in an online chat with both the host and other players. TV shows are also very popular now, so you can play monopoly or even slots with hosts.

Local Canadian laws have lots of benefits making online gambling accessible and interesting. That’s why gamblers can focus on exciting gameplay and not take care of various aspects which make this entertainment challenging. Due to cryptocurrency which is accepted by most local online casinos, Canadians can enjoy not only fast but also anonymous transactions, which is suitable for players looking forward to avoiding taxations for their wins. Thus, it’s a good way to go when you have a crypto wallet and want to try out some real money games in Canada with no taxation then.