Taxation of Winnings and PayPal Casinos in Canada: A Practical, Beginner-Friendly Guide
Here’s the practical bottom line up front: most casual gambling winnings in Canada—lotteries, one-off casino wins, and amateur slot payouts—are not taxed as income, but organized, profit-seeking gambling can be taxed as business income, and payment rails like PayPal or crypto can create record-keeping events that matter for your tax filing. This…