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How Can You Make Shipping Easier And Cheaper For Your Company?

Nov 7, 2022

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If you’re running a business, chances are you’re shipping products to your customers. And if you’re shipping products, you know that shipping can be both expensive and complicated. But what if I told you there were ways to make shipping both easier and cheaper for your company? In this blog post, we’ll explore some tips and tricks on how you can do just that. From consolidating shipments to using the right packaging, read on to learn more about how you can make shipping easier and cheaper for your business.

The Benefits of Shipping

There are many benefits of shipping for businesses. It can save time and money on transportation costs, and it can also provide a way to ship products to customers without having to use a third-party carrier. Shipping also gives businesses the ability to track their inventory and shipments, which can help them keep tabs on their product quality and customer satisfaction levels. When it comes to trailer tracking, you can even send customers tracking information so they can see exactly when their product will arrive. Tracking can, as the people behind Sky Bitz say, help you know precisely where, when, and why your trailers and containers are in use. Plus, as GPS devices become more affordable, you can also add this feature to your existing car or truck.

If you own your trucks or trailers, shipping is a great way to keep track of them and their contents while they are in transit. Shipping can be used for both local and international shipments, and it can be done via air, land, or sea. Shipping is also a great way to save money on transportation costs because it eliminates the need for a third-party carrier. When you use shipping for your business, you will have complete control over your inventory and shipments, which can help you improve your customer service levels and product quality.

The Different Types of Shipping

There are many different types of shipping, and each has its own advantages and disadvantages. The most common types of shipping are ground, air, and ocean. Ground shipping is the most common type of shipping, and it is typically the cheapest option. However, ground shipping can take a long time, so it is not always the best option if you need your items to arrive quickly. Air shipping is faster than ground shipping, but it is also more expensive. Ocean shipping is the slowest type of shipping, but it is usually the cheapest option.

Keep in mind that there are other types of shipping, such as express shipping, which is faster than ground shipping but more expensive. Priority shipping is another type of shipping that is typically faster than ground shipping, but it may cost more. Not to mention, there are also special types of shipping, such as overnight shipping, which is the fastest type of shipping but also the most expensive.

How to Choose the Right Shipping Company

There are a few things you should take into account when choosing a shipping company for your business. The first is price. You'll want to get quotes from several different shipping companies to find the most affordable option. Make sure to compare apples to apples, though, and get quotes for the same type of service. The second thing to consider is reliability. Can you count on the shipping company to deliver your packages on time? Do they have a good reputation for customer service? Research each company thoroughly before making a decision. The third factor is convenience. How easy is it to use the shipping company's services? Are their locations convenient for you? Can you track your packages online? Consider all of these factors when choosing a shipping company for your business.

How to Save Money on Shipping

There are a few things you can do to save money on shipping for your company. First, take advantage of any free shipping offers that may be available. Many companies offer free shipping for orders over a certain amount. Secondly, compare prices between different shipping companies to get the best rate. Finally, ship items in bulk to save on overall shipping costs. By following these tips, you can make shipping cheaper and easier for your company. Keep in mind that these tips may not work for every business, so be sure to tailor them to your own company's shipping needs.

See:  Auto Transport Guide For The Business Owner

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There are a few key ways that you can make shipping easier and cheaper for your company. Firstly, consider using a fulfillment service to take care of the logistics for you. Secondly, ship items in bulk whenever possible to get discounts from carriers. Finally, use packaging that is lightweight and easy to ship to save on costs. By following these tips, you can make shipping more efficient and cost-effective for your business.


NCFA Jan 2018 resize - How Can You Make Shipping Easier And Cheaper For Your Company?The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Innovate Finance in talks for P2P lenders to receive cheap BoE funding

Peer2Peer Finance UK | | Jun 3, 2020

BoE - Innovate Finance in talks for P2P lenders to receive cheap BoE fundingInnovate Finance is representing peer-to-peer platforms in talks about non-bank lenders receiving access to cheap funding from the Bank of England, Peer2Peer Finance News can reveal.

The industry body has argued that without access to the Bank of England’s Term Funding Scheme – which is currently only available to banks – many non-bank lenders have been prevented from delivering the government’s emergency loan schemes.

“We’ve made the case to the government that it’s difficult for P2P lenders to provide emergency loan schemes because they don’t have the same access to cheap funding,” said Iana Vidal, head of policy and government affairs at Innovate Finance.

“I think P2P has a huge role to play in delivering the emergency loan schemes and we’ve been trying to get that across to the government.

See:  European fintech lending industry to hit USD 9.6 billion in 2020

“Part of the purpose of the schemes is to get finance out quickly to SMEs and that’s where fintech and P2P comes into play.

“We think (fintechs) are integral to the conversation and have been saying for a number of weeks that there are some really innovative companies and we should be utilising their technology to support the wider measures out there providing finance to businesses and consumers during this time.

“And we’re fully aware that these interventions from schemes cause customers that usually would have been spread out across many lenders to just use a few institutions. We’re aware of that impact from a P2P viewpoint and generally and are monitoring it.”

P2P lending platforms have welcomed news of the talks.

“It would be brilliant,” said David Bradley-Ward, chief executive of Ablrate.

“Getting access to the cheap funding like banks and levelling the playing field with them would be great. I’ve always been an advocate of alternative finance lenders being on the same level as banks. If anything, banks’ technology is terrible.

See:  Shopify expands capital lending program to help Canadian merchants weather COVID-19

“I’d be up for something like this, but the ultimate issue is suddenly giving P2P lending platforms quick access to finance wholesale would remove the need for retail investors and it wouldn’t be P2P anymore.”

Daniel Rajkumar, managing director of Rebuildingsociety, said that having access to this type of funding would help to fight unfair competition in the marketplace, which at present, is his platform’s largest threat.

“It’s difficult to compete without being able to get access to the credit in the same way banks can get access to capital,” he said.

“It’s really important to get access to Bank of England funding options to remediate unfair competition.”

Continue to the full article --> here

 


NCFA Jan 2018 resize - Innovate Finance in talks for P2P lenders to receive cheap BoE funding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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AI’s Ethical Dilemma Grows as Innovation Surges

AI | Feb 21, 2024

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Revolutionizing Industries and Raising Ethical Questions.  AIs Dual-Edge Sword

The AI landscape is rapidly evolving, with recent developments sparking both excitement and concern. Here's a roundup of the latest significant updates:

OpenAI's Ambitious Funding Goals and Ethical Concerns

Sam Altman, the face behind OpenAI, has been in the spotlight for seeking up to $7 trillion in funding, aiming to revolutionize the AI and chip industries. This move has raised eyebrows, considering the potential environmental impact and ethical concerns surrounding the massive energy consumption required for AI technologies.

See:  Australia to Regulate High-Risk Artificial Intelligence

OpenAI's shift towards military applications and the vast ambitions of controlling the semiconductor industry underscore the complex ethical landscape of AI development.

AI and Election Integrity

In a proactive step, major tech firms, including Google, Meta, Microsoft, OpenAI, and TikTok, have agreed to adopt "reasonable precautions" to prevent AI from disrupting democratic elections. This agreement, announced at the Munich Security Conference, focuses on detecting and labeling deceptive AI-generated content. While the accord is symbolic and lacks binding commitments, it represents an industry-wide acknowledgment of the potential threats AI poses to the integrity of elections and the broader democratic process.  Read more

The pact or commitments include 8 steps firms are expected to follow to reduce deceptive content including:

  1. Developing and implementing open-source tools to “mitigate risks related to deceptive AI election content"
  2. Assessing existing models for the risk of deception they pose
  3. Detecting threatening content on their platforms
  4. Addressing threatening content when it is found
  5. Fostering cross-industry resilience to deceptive AI election content, and
  6. Informing the public of how it addresses deceptive content
  7. Engaging with global civil society organisations and academics
  8. Supporting public awareness campaigns, promoting media literacy and “all-of-society resilience”

Sora: A New Frontier in Video Production

OpenAI's announcement of Sora, a generative AI system capable of producing short videos from text prompts, has stirred both excitement and concern. Sora's ability to generate high-quality, hyper-realistic videos opens new possibilities for content creation in entertainment, advertising, and education. However, it also amplifies risks related to disinformation and the ethical implications of AI-generated content. Sora's advanced capabilities, including the generation of videos up to 60 seconds long and in various aspect ratios, position it at the forefront of AI-driven video production technologies.

Outlook

See:  Women’s Critical Role, Impact, and Empowerment in AI

These developments highlight the dual-edged nature of AI advancements: the potential for significant positive impacts on society and industry, alongside the urgent need for ethical considerations and regulatory frameworks to mitigate the risks associated with these powerful technologies.


NCFA Jan 2018 resize - AI's Ethical Dilemma Grows as Innovation SurgesThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Round13 Digital Asset Fund Posts Over 40% Gains

Release | Feb 21, 2024

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Round13 Digital Asset Fund (DAF) Posts Over 40% Gains Despite Volatile Market

TORONTO – February 20, 2024Round13 Digital Asset Fund (DAF), a native crypto fund in Canada with an innovative open-ended structure, announced yesterday gains exceeding 40% since its inception in April 2022, despite the turbulent market backdrop. This achievement underscores the Fund's exceptional ability to outperform major cryptocurrencies, with a 30% lead over BTC and a 60% advantage against ETH.

See:  Bitcoin Ordinals: Exploring the Convergence of Fungible and Non-Fungible Digital Assets

Leveraging strategic investments in 20 portfolio companies across pivotal stages such as Seed and Series A, with investments ranging from $250,000 to $5 million, Round13 DAF has curated a diverse and impressive portfolio. These companies are pioneering advancements across crucial crypto market segments, including AI, gaming and Metaverse, identity, and infrastructure. Noteworthy portfolio companies include Wombo, Improbable, Confirm, and ChainSafe.

Several portfolio entities have successfully secured funding at significantly enhanced valuations, demonstrating resilience and growth potential. A notable aspect of the Fund's portfolio is the presence of token projects poised for native token launches this year, further enriching the investment landscape. Round13 DAF remains optimistic about the prospect of additional liquidity events from its venture deals in the next three years.

Established by Round13 Capital, a venture and growth-stage investment firm co-founded by Bruce Croxon and John Eckert, Round13 DAF is focused on blockchain innovation and digital asset markets. The Fund's structured approach to onboarding new investors quarterly, coupled with its steadfast resilience and innovation, sets it apart in the fast-paced digital asset domain.

A Bright Future for Digital Assets

With an eye on the next 12-24 months, Round13 DAF's confidence in the digital asset market is stronger than ever. The U.S.'s recent approval of Spot Bitcoin ETFs marks a new era of growth and institutional adoption for BTC and ETH. This optimism is anchored in the belief that the digital asset market is on the cusp of significant expansion and mainstream finance integration.

See:  CSA Consultation on Public Investment Funds and Crypto Assets

Satraj Bambra, Managing Partner and CIO at Round13 DAF:

"Our dual focus on crypto capital markets and venture capital has been fundamental to our strategy.  This approach has enabled us to adeptly navigate varying market conditions, including the recent downturns and market uncertainties post-FTX collapse.  Our vision is to continue leading in the digital asset space, driving innovation, stability, and growth.  With the market poised for monumental shifts, our strategic positioning enables us to capitalize on the upcoming value surge, with BTC projected to exceed $150,000 and ETH to surpass $10,000 in the next two years."


NCFA Jan 2018 resize - Round13 Digital Asset Fund Posts Over 40% GainsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Women’s Critical Role, Impact, and Empowerment in AI

Women in AI | Feb 21, 2024

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Bridging the Gender Gap in Artificial Intelligence

A recent TechCrunch article titled "The women in AI making a difference" highlights the significant contributions of women in the field of artificial intelligence (AI), aiming to give them the recognition they deserve.   Some of the notable individuals mentioned include:

  • Irene Solaiman, head of global policy at Hugging Face.
  • Eva Maydell, a member of the European Parliament and advisor on the EU AI Act.
  • Lee Tiedrich, an AI expert at the Global Partnership on AI.
  • Rashida Richardson, senior counsel at Mastercard focusing on AI and privacy.

Understanding the Gender Gap

The gender gap in AI is a multifaceted issue rooted in educational barriers, workplace challenges, and societal norms. Despite the critical roles women have played in advancing AI technology, their representation remains disproportionately low. A 2021 Stanford study revealed that only 16% of tenure-track faculty focused on AI are women, and a World Economic Forum report highlighted that women hold just 26% of analytics-related and AI positions. This disparity is not narrowing; in fact, a 2019 analysis by Nesta showed a declining trend in the proportion of AI research papers authored by women since the 1990s.

See:  U.S. Seed Fundraising Insights and Trends

Reasons for the disparity include judgment from male peers, discrimination, and a lack of opportunities for women to intern in AI or machine learning during their undergraduate studies. Many women report leaving employers or considering leaving the tech industry altogether due to unequal treatment and pay.

Women Bring Diverse Perspective

Women are of utmost importance in AI for several compelling reasons that span ethical, innovative, and economic dimensions. Their inclusion and active participation in AI are critical for the following reasons:

  • Diversity Drives Innovation --> Diverse teams, including those with a balance of men and women, bring a variety of perspectives, ideas, and experiences to the table. This diversity is crucial for fostering creativity and innovation in AI development. Women can offer unique insights and solutions that might not emerge in a homogenous group, leading to more innovative and comprehensive AI technologies.
  • Reducing Bias in AI Systems --> AI systems learn from data, and if this data is biased, the AI systems will inherently be biased too. Women, especially those from varied backgrounds, can help identify and mitigate biases in AI algorithms. Their involvement is essential in creating fair, unbiased AI systems that serve all segments of society equally, preventing the perpetuation of stereotypes and discrimination.
  • 50/50 --> Women constitute roughly half of the global population and, therefore, half of the potential user base for AI technologies. Having women involved in AI development ensures that products and services are designed with the needs and perspectives of a more holistic audience in mind, leading to more universally useful and accessible AI solutions.

See:  Work Trends: Employees Feel the Opposite but the ‘Data doesn’t lie’ | Women Leaving Companies at Highest Rate Ever

  • Ethical Considerations and Social Impact --> Women are more likely to consider the societal, ethical, and political implications of AI in their work. This sensitivity towards the broader impact of technology is crucial in guiding AI development in a direction that benefits society as a whole, ensuring that AI technologies are developed and deployed responsibly.
  • Economic Growth and Opportunity --> Incorporating more women into the AI workforce can also drive economic growth. By tapping into the full potential of the talent pool, the AI industry can accelerate innovation, enhance productivity, and create more economic opportunities. Additionally, achieving gender parity in high-growth areas like AI can contribute to closing the gender pay gap and promoting economic equality.
  • Addressing the Skills Shortage --> The AI field is rapidly expanding, and there is a growing demand for skilled professionals. By encouraging and supporting women to pursue careers in AI, the industry can address the skills shortage it faces. This not only benefits the AI sector by filling essential roles but also provides women with opportunities for high-value, rewarding careers.
  • Mentorship and Role Modeling --> Having more women in AI helps to establish a network of role models and mentors for younger generations, encouraging more girls to pursue STEM (Science, Technology, Engineering, and Mathematics) education and careers. This positive feedback loop can gradually change the gender dynamics in the tech field, leading to a more balanced and equitable workforce.

Tackling the Gender Gap

Some organizations and initiatives are making strides in supporting and promoting women in the field of Artificial Intelligence (AI) such as:

1. Women in AI Ethics™

  • This organization focuses on highlighting the work of women in AI ethics, aiming to create a more inclusive and ethical AI landscape.
  • They compile annual lists of women making significant contributions to AI ethics, providing visibility and recognition for their work.

2. World Woman Foundation (Davos Agenda 2024)

  • The World Woman Foundation is dedicated to enhancing women's leadership in various fields, including AI, through global initiatives and partnerships.
  • Their agenda includes events and keynotes addressing the disruptive future of equality, women’s health, and the role of women in leading technological advancements.

What Can Be Done?

To bridge the gender gap in AI, concerted efforts across multiple fronts are necessary:

  • Education and outreach aimed at encouraging girls to pursue STEM fields from a young age are crucial. Programs like Girls Who Code and AI4ALL seek to demystify AI and technology for young women, providing them with the tools and confidence to enter these fields.
  • Companies and institutions must implement policies that promote gender equality, from hiring practices to career advancement opportunities. Efforts to ensure equal pay, provide mentorship programs, and create inclusive work environments are essential steps towards retaining women in AI roles.
  • Amplify the achievements of women in AI through media, conferences, and leadership positions can inspire future generations and highlight the importance of diverse perspectives in technology development.

See:  McKinsey Report: Diversity in Global Private Markets 2022 and Institutional Investors as Catalysts for Change

  • Build communities and networks for women in AI facilitates mentorship, collaboration, and support. Organizations such as Women in Machine Learning (WiML) and Women in AI (WAI) play a pivotal role in fostering a sense of belonging and empowerment among women in the field.

Empowering Women in AI:  Call to Action

The underrepresentation of women in AI not only stifles innovation but also perpetuates bias in AI systems, underscoring the urgent need for diversity in this field. Women bring diverse perspectives that drive innovation, reduce bias in AI systems, and ensure that AI technologies meet the needs of a broader audience. Their involvement is crucial for ethical considerations and social impact, driving economic growth and addressing the skills shortage in the rapidly expanding AI sector.

Whether you're a professional in the tech industry, a student considering a career in AI, or simply an advocate for equality, your actions can make a difference. By supporting educational programs, advocating for inclusive policies, and celebrating the achievements of women in AI, you contribute to a more equitable and innovative future.


NCFA Jan 2018 resize - Women's Critical Role, Impact, and Empowerment in AIThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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BoC Consultation: Draft Supervisory Guidelines for PSPs

BoC Payments Consultation | Feb 21, 2024

Digital Canada - BoC Consultation: Draft Supervisory Guidelines for PSPs

Seeking Feedback: Bank of Canada Drafts Supervisory Guidelines for Payment Service Providers (PSPs)

The Bank of Canada has recently announced a consultation phase for its draft supervisory guidelines under the Retail Payment Activities Act and its regulations. This legislative framework requires PSPs registered with the Bank of Canada to adhere to specific operational standards, including the management of operational risks, incident response protocols, safeguarding of end-user funds, and mandatory reporting of certain incidents and significant changes to the Bank.  These requirements are set to take effect on September 8, 2025.

See:  Canada’s New Retail Payment Regulations: Registration and Compliance

The draft supervisory guidelines prepared by the Bank of Canada delineate the Bank's expectations for PSPs in meeting these obligations. The guidelines are designed to ensure that PSPs operate in a manner that is safe, efficient, and in the best interest of their end-users. They cover a broad spectrum of operational and risk management practices that PSPs are expected to implement.

Your Input Is Required

This consultation represents a critical opportunity for stakeholders within the fintech and payment sectors to review the proposed guidelines and provide feedback. The Bank of Canada is seeking input on how these guidelines can be refined and improved to better serve both the industry and the consumers who rely on these services.

We encourage all NCFA members and stakeholders to participate in this consultation process. Your insights and expertise are invaluable in shaping a regulatory environment that supports innovation while ensuring the safety and integrity of payment services in Canada.

See:  BoC Update for PSPs: New Registration Guide and Supervisory Policies Available

To participate, please visit the Bank of Canada's website to read the draft guidelines and share your feedback and contribute to a dialogue that will help shape the future of payment services regulation in Canada.

This is an important moment for the fintech community to come together and ensure that the regulatory framework aligns with the realities of modern payment services and the needs of consumers. Let's make our voices heard and contribute to the development of guidelines that promote a secure, competitive, and innovative financial services sector.  For more information, please visit the website and learn more about the Retail Payments Supervision Consultation.


NCFA Jan 2018 resize - BoC Consultation: Draft Supervisory Guidelines for PSPsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Canadian Online Gambling Regulations: Documents & Gambling Laws in Canada

Feb 21, 2024

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75% of Canadians are involved in some form of gambling, with lotteries (45%) reigning supreme. Sports betting (12%) while casinos (26%) follow closely behind. Males of the 45-64 age group of Canada participate more in gambling. Low-income individuals gamble more and face greater risks of problem wagering. 65% of Canadians over 18 have gambled in past years.

  • In 2018, sports betting accounted for 7.9% of gambling activities in Canada. Both genders enjoyed online gaming machines equally (12% male, 13% female).
  • Non-regulated sports betting dominated in 2019, capturing 57% of revenue. Only 2% of Canadians over 15 struggle with gambling addiction.
  • Canada's gambling market shrunk to $12.54 billion in 2021.
  • There is a list of rules and offline or online gambling laws in Canada that regulate activities on the casino market.
  • Online casinos boasted a high 97% win rate in 2022.
  • User penetration in the Canadian online gambling market soared 47% in 2023. It is expected to keep growing.
  • There are fines and penalties for non-compliance with Canadian online gambling laws.

Canada’s wagering license signifies adherence to local security standards set by authorities. 61% of sports betting online is unregulated, while 39% is done through land-based establishments. Imbalance is set to shift as Canada legalizes single-game betting, embracing iGaming. Provinces like Ontario lead the charge, establishing regulatory frameworks to attract the gambling market.

📌Key Takeaways

Is online gambling legal in Canada?Offline and online gambling activities in Canada are regulated and authorized exclusively under the supervision of provincial governments.
Provinces & Territories of CanadaBritish Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Labrador, Yukon, Northwest Territories, and Nunavut.
Key gambling law in CanadaThe Criminal Code of Canada
Best online casinos in CanadaJackpot City, Spin Casino, BitStarz Casino, MagicRed with free spins, no deposit bonuses. etc.
Legal gambling age in Ontario19 Y.O
Average legal gambling age In Canada18-19 Y.O

The Criminal Code

The Criminal Code of Canada (Code) - is a federal statute, among the main Canadian online gambling laws and regulations, encompassing definitions for the majority of criminal offenses enacted by the Parliament of Canada. It provides a legal framework for offline and online gambling in Canada, setting exceptions. Part VII outlines these restrictions, but Section 207 allows for exceptions managed by provinces. The Federal Criminal Code sets national rules for illegal activities, while provinces regulate gambling. Canada's gambling laws ban gambling establishments but allow exceptions for provincially-run activities under the Criminal Code established in 1985. Companies looking to operate in Canada should understand local regulations.

Is Online Gambling Legal in Canada?

Offline and online gambling in Canada is a controlled endeavor permitted solely under the management of provincial governments. The BC Lottery Corporation oversees and administers all forms of commercial gambling, including online gambling, within the province on behalf of the government of British Columbia. Online gambling legal in Canada only when provincially managed. The Criminal Code prohibits unlicensed gambling. Each province has its own online gambling laws in Canada & legal age (18 or 19). To open a casino, local regulations vary, and one must follow provincial laws for compliance.

Canada ProvinceIs Canadian Online Gambling is Legal?Age Requirement
AlbertaLegal on provincially regulated sites & licensed offshore casinos.18
British ColumbiaAllowed on BC-regulated. It is not strictly illegal on offshore sites.19
ManitobaLegal on provincially licensed sites. There is no prohibition on offshore gambling.18
New BrunswickLegal through Atlantic Lottery Corporation. Allowed on offshore sites.19
Newfoundland and LabradorManaged by ALC. Legal for ALC-offered games. Illegal if not offered by ALC.19
Nova ScotiaLegal online gambling in Canada for ALC-offered games. Online casino games launched in 2022.19
OntarioLegal: Expanded laws in April 2022. Canadian online gambling on offshore sites is legal.19
Prince Edward IslandLegal through ALC. Allowed on offshore legal gambling sites in Canada.19
QuebecLegal through Loto-Quebec. Gambling on offshore Canadian online gambling sites is permitted.18
SaskatchewanNot illegal. No provincial online gambling services are yet allowed offshore.19

Local Regulations: Online Gambling Laws in Canada

Canada's gambling is a patchwork of provincial regulations. The Federal Criminal Code sets broad parameters, like prohibiting illegal gambling establishments. Provinces set rules for online/offline casinos, empowered by the Criminal Code. Canada online gambling laws and regulations vary widely across the country, with some provinces adopting stricter approaches. The wagering game differs depending on where gamblers play in Canada.

Province/TerritoryRegulatory BodyKey Gambling Laws in Canada
AlbertaAlberta Gaming, Liquor & Cannabis Commission (AGLC)Gaming, Liquor & Cannabis Act
British ColumbiaBritish Columbia Lottery Corporation (BCLC)Gaming Control Act
ManitobaLiquor, Gaming & Cannabis Control Authority of ManitobaLiquor, Gaming and Cannabis Control Act, Manitoba Liquor & Lotteries Corporation Act
New BrunswickNew Brunswick Lotteries & Gaming Corporation (NBLGC)Gaming Control Act
Newfoundland & LabradorNewfoundland & Labrador Liquor Corporation (NLC)Various regulations under the Liquor Control Act
Northwest TerritoriesDepartment of Municipal & Community AffairsLotteries Act
Nova ScotiaAlcohol, Gaming, Fuel & Tobacco Division (Service Nova Scotia)Gaming Control Act
NunavutNunavut Liquor CommissionVarious regulations under the Liquor Act
OntarioAlcohol and Gaming Commission of Ontario (AGCO)Gaming Control Act, 1992, Ontario Lottery and Gaming Corporation Act, 1999
Prince Edward IslandPrince Edward Island Lotteries CommissionLotteries Act
QuébecLoto-QuébecAct, respecting the Société des Loteries du Québec, Act, respecting Lotteries, Publicity Contests, and Amusement Machines
SaskatchewanSaskatchewan Liquor & Gaming Authority (SLGA)Alcohol and Gaming Regulation Act, 1997, Saskatchewan Gaming Corporation Act
YukonYukon Liquor CorporationLottery Licensing Act

Alberta

Canadian online gambling law in Alberta is the Alberta Gaming, Liquor, and Cannabis Commission plus regulated under the Gaming, Liquor, and Cannabis Act. Its vast territory offers diverse gambling options, but online choices are restricted. AGLC regulates offline online gambling activities in this province of Canada. 25 casinos, mostly charitable, operate across this province. Alberta Park, Northlands Park, and 15 other locations offer horse racing. Daily lotteries with 6,000+ video lottery terminals are available. Sports betting allows multi-event bets with a $250 daily limit.

British Columbia

The Gaming Policy and Enforcement Branch oversees gambling in BC under the Gaming Control Act of 2002. British Columbia's diverse gambling blended tradition and modernity for 30 years. BCLC's platform has reigned supreme since 2004 and offers sports bets plus casino games. 15 casinos across a province concentrated in Vancouver cater to locals as well as visitors. Fraser Down offers live wagers accomplished by 15+ off-track simulcast locations in Canada. A mainstay since 1985, BC lotteries bring in players with varied options.

Manitoba

Regarding gambling in Manitoba, Canada, Manitoba Liquor and Lotteries Corporation refers to the Liquor, Gaming and Cannabis Control Act and The Manitoba Liquor and Lotteries Corporation Act. It offers various gambling options but with some limitations. Government-run PlayNow provides limited casino games. International sites offer more options (unregulated). Land-based casinos are present in southern cities. It includes Winnipeg's 2 government casinos and 1st Nations-owned establishments. Video lottery terminals are also available. Sports betting is limited to multi-event wagers with a $250 daily limit in Manitoba, Canada.

New Brunswick

The Gaming Control Branch of the Department of Public Safety under the Gaming Control Act of 2008 established regulations for gambling within New Brunswick. New Brunswick has a small population but has many gambling options. There are no licensed operators yet, but regulated Canadian online gambling sites are accessible. Casino New Brunswick in Moncton is the only option for land-based. Live races in Fredericton and Saint John are accessible with off-track betting in Dieppe and Quispamsis. Lottery tickets are available at 900 retailers. Video lottery terminals are available across a province.

Newfoundland and Labrador

The Consumer Affairs Division, Consumer and Commercial Affairs Branch of Service, is the gambling regulatory body in Canada within Newfoundland and Labrador. This province, the primary residence for 90% of the province's population, offers multiple gambling options under Atlantic Lottery Corporation & Newfoundland Service regulation. No offline casinos and no legal online casinos are present within a province. International sites cater to residents, but online gambling Canada legality varies. A lottery is widely accessible, with over 1,000 retailers selling tickets plus 500 featuring video lottery terminals in Canada.

Nova Scotia

In Nova Scotia, The Alcohol, Gaming, Fuel and Tobacco Division of Service regulates all gambling activities based on the Gaming Control Act of 1994-1995 guidelines. Canada's smallest province has a big gambling community with many options governed by Nova Scotia Gaming Corporation (NSGC). Online gambling in Canada isn't available locally. Bettors explore globally regulated sportsbooks/casinos. The province has 2 government-operated land-based casinos in Halifax as well as Sydney. It boasts 3 horse racing tracks: Northside Downs, Truro Raceway, plus Inverness Raceway. Atlantic Lottery Corporation manages lotteries featuring 3,000+ video lottery terminals in retail locations.

Ontario

The Ontario Lottery and Gaming Corporation as other Canada online gambling laws regulates online gambling in Ontario, as outlined in the Gaming Control Act 1992. Ontario is a province licensing 3rd-party online casinos and sportsbooks. It has 70+ licenses issued since April 2022 to major international operators, all operated by iGaming Ontario. It offers 25 locations, including private, government, as well as charitable options. Residents access provincial and national lotteries through the Ontario Lottery & Gaming Corporation. According to online gambling Canada legalization, Ontario legal gambling age is 19 years old.

Prince Edward Island

The Prince Edward Island Lotteries Commission is the designated regulatory body, adhering to the principles of the Lotteries Commission Act. PEI offers fewer gambling options than other provinces. The Lotteries Commission oversees all gaming activities. Online casinos and sports betting are not presently licensed within Prince Edward Island. As a result, residents use operators licensed in other locations. Red Shores Racetrack, Charlottetown Driving Park, and Summerside Raceway are popular racing venues in the province. The Atlantic Lottery Corporation provides video lottery terminals at various retail locations across the island.

Quebec

Quebec Lottery Corporation regulates gambling in this province through the Act Respecting Lotteries, Publicity, Contests, and Amusement Machines. Gambling in Quebec is regulated by Loto-Quebec & RACJ. Residents play globally licensed online casinos/sportsbooks alongside a provincial offering, Espacejeux. Online gambling Canada legalization discussions are ongoing, with residents favoring it. 9 RACJ-regulated casinos offer in-person gambling experiences. Hippodrome 3R plus off-track betting establishments cater to horse racing enthusiasts. According to Canada online gambling laws, Quebec casino age is 18.

Saskatchewan

The Saskatchewan Liquor and Gaming Authority regulates gambling in Saskatchewan under the Alcohol and Gaming Regulation Act of 1997. Saskatchewan households gamble the most in Canada. The province's Liquor & Gaming Authority supervises all gambling, but online gambling in Canada is unlicensed, missing out on economic benefits. 8 casinos operate in a province, 6 under First Nations authority, plus 2 under government. 3 racetracks, off-track betting, 1000s of video machines, and lottery draws are offered regularly.

Yukon, Nunavut, and Northwest Territories

To ensure responsible gambling practices here, Yukon Liquor Corporation is responsible for the regulation outlined in the Lottery Licensing Act. Yukon offers several ways to gamble, including online, lottery, and casinos. Residents use licensed, 3rd-party casinos and sportsbooks, as online gambling within a province isn't supported. Yukon stands alone in banning fixed-location casinos. Diamond Tooth Gertie's operates seasonally. Daily/weekly draws are available through the Western Canada Lottery Association. Multi-market bets are accepted, but single-event wagers are prohibited.

Canadian Online Gambling Laws & Legalization

Canadians legally bet on individual sports games. Online access is available in 10 provinces plus 3 territories. It provides opportunities for top sportsbooks. US-legalized sports betting led to Canada's shift. Skeptics like pro leagues came around. The CFL and NHL now support regulated markets. Online gambling laws in Canada differ by province. Ontario leads the pack with a fully open market, while others offer limited options or stick to monopolies. Over 95% of Canadians who gambled in 2018 were non-problem gamblers, according to a 2018 CCHS-GAM report.

  • Legal - online & retail:  Prince Edward Island, Quebec,  Nova Scotia, Ontario, New Brunswick, Manitoba, Saskatchewan, British Columbia, Alberta, Newfoundland, & Labrador
  • Legal - retail only: Nunavut, Northwest Territories, Yukon

Key Bodies in Canada

Each jurisdiction in Canada sets its own rules for operator licensing, responsible gambling features, and taxes on earnings.

  1. The federal government: It provides broad guidelines.
  2. Provinces/territories: They have control through their gambling bodies.
  3. The Canadian Gaming Association: It promotes responsible practices & legal frameworks.

Since 2020, online gambling Canada legalized single-event sports betting and opened Ontario to commercial online gambling on April 4, 2022. Sports and online casino ads featuring celebrities reach Canadians, raising concerns about responsible gambling practices and informed consumer choices.

Canadian Online Gambling Regulations

The Canadian online gambling landscape differs by province, but essential themes emerge:

  • Licensing: Canadian operators need local approval from the relevant provincial authority.
  • Consumer protections: Age checks, responsible betting tools, and ad restrictions safeguard consumers.
  • Taxation: Operators in Canada pay taxes on their provincial earnings. It can be done in 3 ways: local model, common approach, and additional levies.

Types of Online Gambling Laws in Canada

Here are some key points to consider:

  • Federal Laws: The Criminal Code of Canada is a federal statute that addresses gambling laws. It allows provinces and territories to manage and conduct their own gambling operations, including online gambling.
  • Provincial and Territorial Regulations: Each province and territory has the authority to regulate and license online gambling within its borders. Some provinces, like British Columbia, Ontario, and Quebec, have their own online gambling websites. Others, like Alberta and Manitoba, allow private operators to offer online gambling services.
  • Kahnawake Gaming Commission: The Kahnawake Mohawk Territory, located in Quebec, operates the Kahnawake Gaming Commission. This commission licenses and regulates online gambling operators, providing services to players outside of Canada.
  • Grey Area for Offshore Operators: While it's illegal for online gambling operators to be based in Canada without proper licensing, Canadian residents can access and play on offshore gambling websites. The legal status of these offshore operators is ambiguous, and there is ongoing debate about whether they can be subject to Canadian laws.
  • Changes in Legislation: The landscape of online gambling laws in Canada is dynamic, and changes may occur. Governments may review and update regulations to address emerging issues or to adapt to changing attitudes toward online gambling.

Main Canadian Online Gambling Regulations & Licenses 

Online gambling licenses in Canada act as provincial permission slips for operators. Each province has its rules, demanding specific licenses for online sports betting, casino games, as well as lotteries. These licenses serve a double purpose: protecting players from illegal operators and ensuring industry's responsible growth. Operators must meet strict policies and agree to ongoing monitoring to guarantee fair play. Until recently, only government agencies held these licenses. But as of 2021-2022, international operators apply directly to provincial authorities. It allows for wider participation in the Canadian online gambling market.

  • Manitoba Liquor and Gaming Authority of Manitoba | 1970. Issues licenses for casinos, charitable gaming, video lottery terminals, and online gambling in Canada.
  • British Columbia – The Gaming Policy & Enforcement Branch (GPEB) | 2002. Responsible for regulation of gaming in British Columbia. It includes community gaming centers, casinos, and online gambling.
  • Alberta Gaming and Liquor Commission | 1974. Regulates casinos, offers video lottery terminals and provides online gambling for Canadians in Alberta.
  • Alcohol and Gaming Commission of Ontario | 2019. Controls alcohol and activities, as gambling laws in Ontario. Promotes responsible gambling and alcohol consumption.
  • Québec Gambling Commission Link and Kahnawake Gaming Commission | 1970. Manages and regulates alcohol, horse racing, and Quebec online gambling laws. It includes video lottery terminals, casinos, and online betting.
  • Newfoundland and Labrador – Atlantic Lottery Corporation (ALC) | 1976. A Crown corporation that operates video lottery terminals, provincial lotteries, and online wagering in Newfoundland & Labrador.
  • Prince Edward Island Gambling | 1985. Operates provincial lotteries and video lottery terminals in Prince Edward Island, Canada.
  • New Brunswick Lotteries and Gaming Corporation | 1972. A Crown corporation that operates video lottery terminals, provincial lotteries, plus casinos in New Brunswick.
  • Saskatchewan Liquor and Gaming Authority (SLGA) | 1976. It operates casinos, online gambling, as well as video lottery terminals in Saskatchewan.
  • Alcohol and Gaming Authority Nova Scotia | 2018. Operates alcohol and gambling in Nova Scotia. It also includes casinos, video lottery terminals, and gaming poker.

Ontario’s Market: Offline & Online Gambling Laws in Ontario

Ontario dominates the iGaming market in North America. It generated $14 billion in wagers from 920,000 players in Q1 2023, generating $545 million in gaming revenue. This has earned the province the top position as the continent's leading earner. The market itself is experiencing rapid growth, with several licensed operators jumping from 24 to 47 in Q2 alone. Gamblers have access to 71 Canadian online gambling sites, compared to 42 last year. Active gamers in online & offline gambling in Canada accounts have also surged, growing from 628,000 to 943,000. Driving this boom is the recent legalization of single-game betting across Canada. Each province sets its regulations, with Ontario leading the charge towards a fully open iGaming market. iGaming Ontario Board, regulated by Alcohol and Gaming Commission of Ontario. It ensures responsible regulation within the sector.

Offline and online gambling laws in Ontario

  • Gaming Control Act, 1992: Sets out principles for regulating charitable games, slots, casinos, as well as online gaming (via iGaming Ontario). It empowers AGCO to regulate operators, set standards, and conduct investigations.
  • Ontario Lottery and Gaming Corporation Act, 1999: Establishes OLG as a province's sole legal lottery and gaming operator. Defines OLG's responsibilities for conducting casinos, lotteries, plus other gambling activities.
  • The Alcohol and Gaming Commission of Ontario (AGCO): Establishes a new online gaming market with private operators. Prioritises consumer protection. iGaming Ontario (iGO) collaborates with the government & AGCO.

Did Ontario legalize online gambling?

In April 2019, the Ontario government announced plans to establish a competitive online gambling market and to end the current online gambling monopoly operated by the Ontario Lottery and Gaming Corporation (OLG). The goal was to open up the market to private operators and provide a safer and more regulated environment for online gambling.

Prohibited Activities: Gambling that is Illegal in Canada

We have analyzed which online gambling is legal in Canada, but let's find out which ones are not? Operating an online casino within Canada's borders is strictly illegal. Pool-selling, online betting, and bookmaking fall under this restriction. Canadian Criminal Code, Section 202 prohibits any location from being used for recording and registering bets on any sport. Playing at unlicensed or offshore online casinos could suffer legal consequences. Gambling without a license is illegal. Choose legal and regulated options in Canada. Some games are illegal due to unfairness:

  • Three-card Monte: An online shell game that includes hidden cards & deception.
  • Punch boards: Misleading way with cards for concealed prizes.
  • Coin tables: Manipulates gamblers by manipulating coins on a table.
  • Pyramid schemes: Disguised as games but rely on recruitment for profit.

In Canada, online gambling was mostly illegal, leading to widespread black markets. It is primarily offline and online gambling legal in Canada now, with some arguing that regulation replaces these illicit operations. It collects revenue for society's benefit.

Consequences of Prohibited Gambling

  • Fines: Amount fluctuates depending on the offense and where gamblers are caught.
  • Jail time: Gamblers could end up behind bars in serious cases.
  • Asset seizure: Authorities remove any money or property in illegal gambling.

Legal Gambling Age In Canada According to Gambling Laws

According to offline and online gambling laws in Canada, the minimum legal age varies between 18 & 19. It depends on the province. This applies to both online and land-based casinos. Check local regulations before placing your bets. 2018, almost two-thirds (64.5%) of Canadians over 15 (around 18.9 million people) gambled at least once. 3 provinces have a lower minimum gambling age Canada of 18. These are Quebec, Alberta, and Manitoba. In most of Canada’s provinces, like British Columbia or Ontario, the minimum gambling age is 19. This applies to all forms of betting: land-based casinos; online casinos; online slots; lottery tickets; sports betting; horse racing.

Legal ages according to offline and online gambling laws in Canada
Canada ProvinceMajor citiesLegal gambling age
YukonWhitehorse19
SaskatchewanSaskatoon, Regina19
QuebecQuebec City, Ottawa, Montreal18
Prince Edward IslandCharlottetown19
OntarioToronto, Hamilton19
NunavutIqaluit19
Nova ScotiaHalifax19
Northwest TerritoriesYellowknife19
Newfoundland and LabradorSt. John’s19
New BrunswickMoncton, Fredericton19
ManitobaWinnipeg, Brandon18
British ColumbiaVancouver, Kelowna19
AlbertaEdmonton, Calgary18

Online Gambling Laws in Canada According to Advertising: How is it regulated?

In Canada, the Broadcast Standards Council (BSC) holds advertising on traditional broadcast media, enforcing a Code of Ethics that restricts misleading or harmful ads. The Competition Act prohibits deceptive marketing practices and requires licensed operators to adhere to strict standards and prevent false claims. iGaming Ontario regulates Canadian online gambling ads, including age-gating and fair play measures. Influencers promoting online gambling must disclose partnerships and follow relevant ad rules. All social platforms should have policies for further restricting gambling content. Two federal bills propose significant changes: Bill S-268: Empowering First Nations to manage and license lotteries on their reserves. Bill S-269: Establishing a nationwide national framework for online sports betting advertising.Both bills are in the early stages. There is no timeline for future results. Provinces may follow Ontario's lead in opening online gambling to private operators. Alberta considers a similar model.

Tax Rate Rules: Canadian Online Gambling Laws

Offline and online gambling in Canada involves three key financial terms: corporate tax, gaming tax, and revenue share. Every company pays regular corporate tax, including operators, at a flat rate of 15%. Gaming tax is an extra tax specifically targeting profits from activities on top of regular corporate tax. Revenue share belongs to how profits are split among different parties. These are licensing authorities (like Ontario's AGCO) and operators. In Canada, online & offline operators skip a separate gaming tax. Share revenue with authorities like a licensing board. Pay regular corporate income tax at a standard rate. Small businesses, including some operators, follow provincial tax rates that start at 15% & increase with higher income. Tax rules and Canada online gambling laws vary by province in both online plus offline Canada’s casinos. Consult a professional for accurate information. See the table below for specific details.

Casino laws in Canada for Tax Rates
Canada ProvincesGeneral Provincial Tax Rates
Alberta8%
Quebec11.5%
Ontario11.5%
Saskatchewan12%
Manitoba12%
British Columbia12%
Nova Scotia14%
New Brunswick14%
Prince Edward Island16%

In Ontario, Canada, operators receive confidential information about tax rates and revenue shares after signing an NDA. In other provinces, corporate tax rates are based on agreements with regulators and the products or services offered.

Information for Canadian Online Players

1) What are the age restrictions for online casino players?

Most provinces require gamblers to be 19 (like Ontario, British Columbia, and Saskatchewan). In Manitoba, Alberta, & Quebec, gamblers legally gamble at 18. According to Canada online gambling laws, before placing bets, double-check the local age limit. Always confirm legality before playing. Stick to regulated platforms for safety and security. OLG.ca remains a legal option for Ontario residents.

2) Is it legal to deposit and withdraw money according to Canada online gambling laws?

Yes. Online gambling is legal in Canada, generally. So, it is legal to deposit and withdraw money. A platform cannot be based within Canada. Look for internationally licensed or provincially regulated legal sites in Canada, like Ontario's iGaming market. Most Canadian banks allow deposits/withdrawals for legal online casinos. Legal Canadian online gambling is now available in Ontario from April 2022.

3) Do I need to pay tax on my winnings?

No. Canadian gambling winnings (sports bets, horse races, lotteries, etc.) are tax-free because of Paragraph 40(2)(F) of the Income Tax Act. Any interest earned on those winnings becomes taxable income. Pay taxes on dividends, too. Report this income on a T5 form or face fines. Gambling isn't considered a reliable income source.

4) What are the safest Canadian online casinos?

#Canada CasinosSecurity RatingGamesRemarks
1Spin Casino4.6/51200+Good for immersive live casino games
2Leo Vegas4.7/52000+Perfect deposit bonus deal
3ComeOn4.7/5450+A great option for game variety
4Royal Panda4.8/52000+Perfect for Jackpot games
5Party Casino4.8/51000+Excellent slot selection
6Royal Vegas4.8/5700+Wonderful loyalty program
7Ruby Fortune4.8/5500+Customized casino experience
8888 Casino4.9/52000+No deposit bonuses
9JackpotCity4.9/5500+Excellent user experience
10Casumo4.9/54400+Top choice for fast payouts

5) What are the key governing casino laws in Canada for online players?

Playing at unlicensed online casinos within Canada is illegal. Offshore sites aren't prohibited but may not be subject to Canadian regulations or consumer protections. Gamblers should choose licensed legal gambling sites in Canada and be aware of the potential risks associated with offshore operators. The minimum age is 18 in Canada, and responsible gambling applies everywhere.

Canadian Online Gambling Laws & Regulation 2024

Over 70% of Canadians partake in some form of gambling annually. In 2002, 18.9 million Canadians gambled, with lotteries & occasional games leading the way. Recent surveys suggest participation between 75% & 85%, encompassing activities like charitable gambling and online poker. Participation varies by province, with Nova Scotia & Saskatchewan seeing higher rates. Running an online casino in Canada requires a license. To online gambling Canada legalaze, each province grants licenses with strict rules for operators. License isn't a guarantee of safety. It shows that an operator meets local security standards. Look for licenses from provincial gaming authorities for physical venues and reputable jurisdictions for online betting.

  • Alcohol and Gaming Commission of Ontario (AGCO)& iGaming Ontario
  • Kahnawake Gaming Commission (KGC)
  • Gaming Policy and Enforcement Branch (GPEB)&BC Lottery Commission
  • Alberta Gaming and Liquor Commission (AGLC)

Expected Key Regulatory Changes

The Canadian Gaming Association is revamping its strategy with short- & long-term goals. Collaboration, education, and advocacy will be key aspects of improving responsible gaming practices. New rules from AGCO restrict using celebrities or athletes in ads. These changes take effect in February 2024. Online gambling user penetration in Canada is projected to jump 51% by 2027. It will reach 20.38 million users. More Canadians are choosing online over physical venues. Online gamblers in Canada spend an average of $220 per user. With easy, the industry is raking in more money. It is expected to reach $3.3 billion US dollars annually by 2027.


NCFA Jan 2018 resize - Canadian Online Gambling Regulations: Documents & Gambling Laws in CanadaThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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