Best Deposit Bonus for Canadian Players

Deposit bonuses are also known as welcome bonuses, and they can either be the whole welcome bonus, or a part of a welcome bonus package. One thing to keep in mind is that different casinos offer different types of deposit bonuses!

Some casinos give you a deposit bonus only on your first deposit, while others might split it up and give you a bonus on your first two or three deposits. More on that a little further down, but first we are going to have a look at the best deposit bonuses in Canada.

Check out these casinos and their deposit bonus offers:

1 Bethard Read Review 100% Bonus up to $200 plus up to 250 Free Spins To the Casino
2 Betway Read Review 100% Match bonus up to $250 To the Casino
3 Casumo Casino Canada Read Review 100% match deposit up to CA$300 + 20 free spins To the Casino
4 ComeOn Casino Read Review 100% up to $1,500 To the Casino
5 Wildz Casino Read Review 20 No deposit free spins | 100% Match up to $500 + 200 free spins To the Casino

To help you choose, we have put together a guide with useful information, tips and suggestions, to make sure you understand what a deposit is and how it can best be used to enhance your online gambling experience.

About Deposit Bonuses

When you make a deposit, many online casinos offer you a reward to motivate you to choose them for your next gambling adventure. It can be extra money, where you could obtain your first deposit doubled if you are lucky, or some free spins on a specific slot where you get to spin the wheel without using your casino funds.

Deposit bonuses are usually announced on the casino starting page, before you even create an account, to make sure you and other gamblers get to see what the casino has to offer. You might also learn about a welcome bonus offer in newsletters or ads.

Most Casinos Offer Deposit Bonuses

Nowadays, it is almost strange if you find a casino that doesn’t offer a bonus on your first deposit or when you sign up, and most seem to do! Bonuses can look different, but it has almost become a must for casinos to give their players some kind of reward for choosing them over other online gambling sites.

FAQ

Frequently Asked Questions About Deposit Bonuses

What is a deposit bonus?

A deposit bonus is a bonus you get when making your first deposit at a casino. It can be free spins or a cash matching bonus, where you could get up to 100% of your deposit added to your casino account. Some casinos also offer deposit bonuses on your first three deposits instead of only on the first.

How to find the best deposit bonus?

It comes down to what type of casino bonus you want. Check our our guide to learn about different bonus types, pros and cons and much more, and use that information to pick a casino with a bonus that works for you.

Do I need a code to get my deposit bonus?

Some online casinos still use deposit bonus codes, where you have to type in a code when making your first deposit in order to get the bonus. However, it has become more common for casinos to automatically add a bonus to your first deposit, to save you the time and the trouble. You can usually opt out of a deposit bonus if you want.

Do I have to make a deposit to get a bonus?

As indicated by the name, a deposit bonus is one you receive when making a casino deposit, so yes, you do need to deposit money in order to get a bonus. A few casinos may offer deposit free casino bonuses, but they are uncommon and not necessarily better.

Does every casino offer deposit bonuses?

Not all casinos offer deposit bonuses, but it is very common for them to be part of a casino’s welcome bonus or package. Offering a casino bonus is also a way for casinos to attract new players, and to make you choose their casino over their competitors.

How to claim a deposit bonus?

When you are ready to make your first deposit, it should be stated on the site whether the bonus is automatically added or if you need to have a code. If the site is requesting a code then it should be readily available somewhere on the same page.

Do deposit bonuses have wagering requirements?

Almost all casino bonuses have wagering requirements, and especially deposit bonuses. This means that they aren’t really free, as you have to play for a specific amount of money before your funds are liberated and available for withdrawal. How much you need to play for depends on the wagering requirements, which can be, for example, x15.

Are deposit bonuses safe?

You don’t have to worry about the legitimacy of your casino bonuses as long as you have chosen a reputable casino that is both licensed and regulated. Just make sure you understand what the wagering requirements are and what you need to do in order to withdraw potential winnings from the casino.

Why Deposit Bonuses Are Beneficial

Perhaps you are wondering what the benefits of a deposit bonus are, and why it should affect your decision when it comes to where to play? Bonus offers can sometimes sound a little too good to be true, but regardless of the wagering requirements, welcome bonuses can be great for someone who wants to try a game or a casino without spending too much.

Free spins and cash matching bonuses automatically increase the size of your casino account balance, and are great for someone who is only just starting to work up their overall bankroll. You do, of course, need to be aware of any strings attached, but other than that, deposit bonuses help you get started with your gambling.

Making the Most of a Casino Bonus

Some casinos will let you choose your preferred casino bonus by giving you a couple of different options, which could be a percentage added to your initial deposit, a fixed amount, generous cashback bonuses, free spins or something else. When there are options, it is a good idea to take yourself the time to analyze which bonus would give you the most benefits.

To figure this out, you need to take the amount you are depositing into consideration, but also the types of games you plan to play once your account is set up and ready to go. For example, it wouldn’t make sense to choose free spins if you plan to play table games or live casino games.

The same applies for percentage-based cash matching bonuses. How much are you depositing and how much “free” money are you actually getting? Is it worth it considering the wagering requirements? You don’t really need to worry about this in the beginning, but as you become more experienced on the online casino scene, some extra consideration could prove to be beneficial.

Different Types of Welcome Bonuses

So, what are your options? While some casinos offer the same bonus for years, other gambling sites may switch it up from time to time, or offer several different bonuses so that their players can make their own choices. Verify that the casino of your choice has a welcome bonus you are interested in before signing up.

First Deposit Cash Matching Bonuses

The most straight-forward version of a deposit bonus is where you get extra money when making your first deposit. These are usually an offer of 50-100% added to your first deposit, where depositing $100 CAD will give you a total of $150 CAD to play with if the cash matching bonus is 50%, and a total of $200 CAD with a 100% cash matching bonus.

Cash Matching Bonuses Split in Three

It is becoming increasingly common for casinos to split their welcome bonuses up in three instalments. This means you might get a 50% cash matching bonus on your first deposit, a 25% cash matching bonus on your second deposit and another 25% on your third.

A cash matching bonus in three instalments could look like this:

In the end, you end up getting that 100%, but these casinos are being smart by making sure you come back to make new deposits at least two times after your initial deposit. Casinos aren’t handing out free money just to be nice, and being aware of their motivation can help you use deposit bonuses to your advantage.

Free Spins

Free spins are extra spins on slot machines, either a specific slot or any slot featured by the casino, and these types of deposit bonuses can come accompanied by a cash matching bonus or stand on their own. A commonly found offer is to get 100 free spins on a slot, for example, NetEnt when you make your first deposit.

Other casinos will give you 50 free spins with your first deposit and cash matching bonus, 25 with your second and the last 25 with your third deposit. You will also find casinos that activate 10 or more free spins per day until you reach the full deposit bonus number.

Make no mistake, the purpose of these offers are always to make sure you sign up, make a deposit and preferably come back, but it is more than fair game for you to make the most of it. The casinos aren’t trying to trick you, as the offers are legit and reliable provided you choose the right casino, making it a win-win for everyone.

Deposit Bonus

Deposit Bonus Wagering Requirements

Now, before you accept a deposit bonus offer, it is important to be aware of what is expected of you as a player. Very few casinos offer wagering free deposit bonuses or welcome bonuses, and instead, most casinos see it as an opportunity to make sure you stick around for as long as possible.

Wagering requirements are terms you need to fulfil before you can withdraw any winnings generated by your bonus money or free spins. In most cases, this means you need to play for the amount of money you’ve been given a certain number of times.

Let’s have a look at an example:

X25 Wagering Requirements

If your deposit bonus comes with wagering requirements of, for example, x25, you then have to play with your bonus amount 25 times. Let’s say you deposit $100 CAD and get a 100% deposit bonus. That’ll give you $200 CAD, but only the bonus has wagering requirements. $100 CAD x 25 equals $2,500 CAD.

Before you can withdraw your bonus or any winnings generated by your bonus, you need to play casino games for a total of $2,500 CAD. The wagering requirements can also be lower and higher depending on the casino.

Limited Time to Fulfil Wagering Requirements

Expect there to be a set timeframe for when you need to have fulfilled the wagering requirements set by your casino. This should be clearly stated in the terms of conditions of the bonus offer, and we advise you to always read through these carefully.

It is at the casino’s discretion to determine how long you have to fulfil your end of the deal, and there can be anything from a week, to a month and to several months. The fulfillment times are calculated to make it possible to meet them, but if you don’t, you will likely lose what is left of your bonus money, plus any winnings that have sprung from it.

Finding the Best Welcome Bonus for You

It is so easy to want to jump right in and start playing, but a smart casino player will do some basic research first to make sure you get the most out of your money. While many casino bonuses are very similar, there are also a few things that can set them apart.

Take your time and pick out a few casinos you are interested in, and set out to compare their deposit bonus offers. This will help you decide where to create an account and it will be worth it in the end! Sure, you can play at multiple casinos to enjoy their deposit bonuses, but it is a good idea to choose wisely if you’re on a budget.

Make sure you choose a reliable online casino, as this will help keep you safe when gambling on the internet, and then have a look at the below things before choosing a casino and a bonus offer.

There might be a lower limit for what you need to deposit in order to become eligible for a bonus. This is usually around $10-$20 but could potentially be significantly more depending on the type of bonus the casino is offering. It is important to check this so that you don’t deposit a smaller amount only to find out it’s not enough.

Another thing to consider is the top amount you can get a deposit bonus on. If it is a cash matching bonus, the casino will most likely have an upper limit. For example, if you deposit $10,000 into your account in one go, you might not get your bonus if the top limit is $5,000, or you could end up with a smaller bonus than expected,

We have already covered the most common types of deposit bonuses, such as cash matching bonuses on your first deposit, on your first three deposits or free spins, but if you have a specific bonus in mind that you prefer, then this could become a deciding factor in your hunt for the perfect deposit bonus.

Are the wagering requirements something you feel you can manage within the set time frame? Be honest with yourself so that you don’t end up spending time and money only to lose your bonus for not fulfilling the requirements on time.

The terms of deposit bonuses are usually quite clear, but it is always smart to read through the small print in the terms and conditions, to avoid missing important information that could help you with your gambling.

Claiming a Casino Deposit Bonus

Once you have chosen your online casino, it is time to figure out how to make sure you get it when you make your first deposit. Claiming deposit bonuses work differently depending on where you play, and there may also be some restrictions in case you are traveling at the time of trying to obtain a casino bonus.

Sometimes you need a bonus code to obtain your casino bonus, and the code is usually visible somewhere on the page if that’s the case. At one point most casinos used bonus codes, but this has become a lot less common in recent years.

Instead, automatic bonuses have become the norm, and these are added automatically to your casino account as long as you meet the requirements in terms of minimum deposits and other conditions. You don’t have to do anything.

If the casino of your choice still uses bonus codes and if you are struggling to find it, or if the code you have isn’t working, then the best strategy is to reach out directly to the casino customer service to have the problem resolved.

Recurring Casino Bonuses

Let’s say you have already obtained a welcome bonus or package including a deposit bonus, what happens then? Can you get another one? In most cases the answer is no, as these types of bonuses are generally reserved for new players, but some casinos do offer occasional deposit bonuses also to returning players to reward player loyalty.

The best way to find these bonus offers is to check if your casino has a loyalty program, and also to sign up for newsletters and stay up-to-date with information and special bonus offers posted on the casino website.

Deposit Bonus

Opting Out of a Deposit Bonus

You never tend to be forced to accept a deposit bonus, and most online casinos let you join and deposit without having a bonus added to the total amount. Now, why wouldn’t you want extra money or free spins, you might ask? The quick answer is because of the attached wagering requirements.

Perhaps you don’t want to have to worry about wagering requirements, and instead you just want to enjoy the money you can afford to spend, and be able to withdraw right away if you would happen to win. In this case, then perhaps opting out of the bonus is a better alternative for you.

If, on the other hand, you are patient and don’t mind the potential wait, then that deposit bonus could end up being your ticket to your next winning streak. Do what feels right for you, and if you aren’t comfortable with the casino bonus, then just opt out of it if possible.

Deposit Free Bonuses

You might be wondering if casino welcome bonuses are always tied to your first deposit, or if you can get a bonus without making a deposit? At some online casinos you can! Here you might be able to start playing only with your bonus money, and while it sounds great, it isn’t much different from a regular deposit bonus due to the wagering requirements.

A Fun Reward for Signing Up

When you sign up and make your first deposit, the casino makes money, and this is usually the motivation for trying to make you want to choose them over the competition. As a result, deposit bonuses can be found at almost every gambling site available in Canada and abroad.