Region: Ontario
Area of Law: Gaming / Gambling Law
Answer # 5631
Area of Law: Gaming / Gambling Law
Answer # 5631
Are online winnings taxable?
Region: Ontario Answer # 5631No. In most circumstances, you do not have to pay tax on money won from online gambling. Earnings that are always based on chance are considered windfalls (unexpected earnings) by the Canada Revenue Agency and are not taxable and do not have to be reported on your tax return.
For more information, refer to 5605 Do you have to pay tax on winnings?
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