Best Cashback Bonuses in Canada in May 2024

The best way to understand a cashback bonus is to see an example. So, let’s say a cashback casino offers a bonus of 10% cashback up to $200 over 24 hours. 

If we break this down, the casino will pay back 10% of all losses you have over your first full day of play following your first wager, up to a maximum of $200. So, if you have a bad first day and lose $100 during this time, the casino will give you $10 in cashback (10% of $100). Importantly, most online casino cashback promotions award you casino credit that you can reinvest in the casino but cannot cash out. 

There are different ways of running a cashback casino bonus in Canada, including the popular promo types below:

Cashback on Net Losses

During a cashback casino bonus period, you are likely to both win and lose when you play slots for real cash, blackjack, roulette, or any other game. Since these are games of chance, nothing is guaranteed - you could hit the jackpot and win a mouth-watering payout or lose your bankroll. That’s the nature of gambling. 

A bonus that takes into account net losses counts both your wins and losses to determine how much your bonus payout should be. So, it is essentially your wagers minus your earnings up to the bonus limit. 

For example, using a 10% casino cashback bonus of up to $200 over seven days, if by the end of the week you have won $200 but have lost $300, the net loss will be $100. The casino will reward a 10% rebate of the $100, which would be $10 in cashback.

Cashback on Total Wagers

As the name suggests, this type of cashback bonus gives you a rebate on all losses you make from every bet over a specific period and up to a certain amount. Let’s say you’re using the 10% cashback promo, where you can get up to $200 over seven days. If you lose $1,000 over the week, the casino will give cashback on $200 worth of losses, which would be $20. This cashback offer is rare as players know that every loss within the bonus limits gives them some cashback. 

Welcome Cashback Bonus

Online cashback casinos in Canada offer welcome bonuses for players who register and deposit for the first time. Think of this as a way for the casino to attract you. Welcome promos are usually a deposit match bonus, free spins, or sometimes both. However, some casino sites do offer cashback rewards for new players, giving them a safety net for their losses. Like most welcome bonuses, the minimum deposit or wager amount to become eligible for the offer will differ from casino to casino.  

Reload Cashback Bonus

A reload bonus is when the casino rewards an existing customer who returns and funds their account after claiming a welcome bonus. For loyal players of an online casino, a reload bonus allows you to claim a portion of their losses back as bonus funds on a daily, weekly, or monthly basis. 

Like all promotions, all online casino cashback bonuses have terms and conditions you’ll need to meet. These are rules and information you must know before you claim the offer. We recommend always reading the T&Cs before you opt in for any bonus. That way, you can decide whether the cashback casino bonus is right for you.

There are common terms that you need to pay attention to as they have a direct effect on the quality of a promotion:

• Wagering requirements: Cashback is one of the best bonuses for casino players as it usually does not have a wagering requirement. All other casino bonuses say you must wager through a multiplier of the deposit, bonus, or both amounts before cashing out your winnings. Cashback offers do not make this demand as most promos are non-withdrawable, making them easier to claim. 
• Game contributions: In some cases, the cashback bonus casino will list specific games you must play to be eligible for cashback. For example, you may be able to play video slots but not live dealer games. However, many all-bet cashback promos allow you to play any casino game. 
• Payment method restrictions: To claim a cashback reward, you’ll need to deposit to play real money games. Some casino sites don’t accept certain payment methods for bonuses, even if that method is supported for regular deposits. Usual examples include e-wallets like Skrill and Neteller. 
• Expiry date: Most casino promotions only run for a set amount of time and have an expiry date for when you can claim it. For a cashback reward, you’ll usually only have around 24 hours to opt-in to the offer. Then, you’ll need to pay attention to the timeframe to incur losses for claiming a cashback, which can often range from 24 hours to a week.  
• Maximum cashback: This details the maximum amount you can get back in cashback. Let’s say you want to claim a 10% cashback bonus worth up to $200. This means that even if you lose more than that, the casino will pay out only $200 in cashback. 
• Withdrawable funds: In most situations, you’ll get a cashback bonus reward in casino credits, which means the casino doesn’t provide you with cash you can withdraw. Therefore, you’ll need to reinvest all cashback you receive in the casino. However, you can cash out winnings you make from your cashback funds.

As you can see, casino cashback bonuses are one of the most generous and flexible promotions on the online casino scene, appealing to many different types of players. Even so, like all types of casino promo, there are advantages and disadvantages you need to consider before claiming. 

Check out the pros and cons of cashback bonuses below and see if casino cashback offers are the best bonuses for you.

Cashback bonuses come in all different shapes and sizes. Plus, Canadian cashback casinos often have different rules for players. Therefore, I recommend having a checklist of considerations when choosing your next best cashback bonus casino. Below are things that will make it easier for you to choose the best site that meets your specific requirements. 

• Always read the terms and conditions: Don’t skip the small print, as it will detail general T&Cs about casino rules, payments, bonuses, and licensing. Also, always remember to read the bonus terms to find game eligibility, game restrictions, win caps, and other important requirements. 
• Check the wagering requirements: It is uncommon for a cashback bonus to have a wagering requirement, but it is always better to double-check. If there is a wagering requirement in place, you will not be able to claim bonus winnings until you meet the commitment. 
• Check the expiry date: Before you opt in to that cashback reward, be sure to check how long you have to claim the bonus. It may be a week, or you could have 24 hours to deposit and wager games on which you can receive a rebate. This information should be clearly available on the bonus T&Cs page. 

To claim cashback bonuses, you’ll need to join an online casino and deposit real money. The good news is that most casinos have a similar simple registration process, and by following the steps below, you can sign up in minutes. 

• Select a casino: Pick one of the cashback casinos I’ve recommended on this page, each chosen by me or one of my fellow industry experts.
• Read the T&Cs: Check the casino T&Cs before you sign up, ensuring the site is legitimate and reputable. Of course, you can rest assured that all Canadian casinos on this page are licensed and secure. You can also read bonus terms before you register.
• Open an account: Click the “Register” or “Join” button. Fill in the forms giving your name, email address, phone number, home address, and date of birth.
• Complete registration: Open your account by completing the form and then click the link sent by the casino in your email inbox.
• Claim the bonus: You may need to opt-in for the cashback bonus on the casino promotions page. Some sites enroll you for the promo automatically.
• Use the bonus: The cashback bonus is now active, and you can start playing games and wagering. You will be able to claim a rebate on losses up to the terms of the bonus. 

The online casino experts at Casinos.com are here to ensure you squeeze every ounce of fun and cash out of your casino cashback offer. Together, we’ve devised the following tips and tricks to help you take command of your cashback destiny. 

Armed with decades of combined experience and insider knowledge, we know the Canadian market inside out. And because we know exactly what to look for, we review each cashback casino with a strict eye. Our reviews are a complete look at the casino experience without any compromises. 

Follow the tips below to make the most of your casino bonus, boost your bankroll, and play the best real money games.

• Bonus amount: When it comes to cashback bonuses, the bigger the overall bonus amount, the more rebates you can potentially win. For example, cashback up to $500 is better than cashback up to $100. 
• Cashback percentage: The amount of your losses the casino will pay back is also important. A higher number, such as 20%, is going to return more money to you when you lose. Most cashback bonuses range from 5% to 30%.
• T&Cs: We really want to drive home how important it is that you read the small print. If you know the bonus terms and conditions, you will not have any unwelcome surprises when you try to claim the offer. 
• Eligible games: It’s likely that the casino cashback bonus will only cover specific games. Check the terms and conditions to see which games are eligible and which are not. 
• Other bonuses: Check out the casino’s promotions page, where you’ll find other bonuses such as deposit matches, free spins, and reloads. Here, you can also claim a welcome bonus when you register. 
• Casino games: Head to the casino game lobby to find out which games are available. Top online casinos – like the ones I’ve highlighted on this page – offer a broad range of slots, RNG classic table games, and live dealer games from leading software providers. 
• Security and safety: Pick a casino with a valid license from a known authority, like the Malta Gaming Authority. We only list licensed and regulated casino sites, as these gambling authorities hold casinos to strict player safety, fair gaming, and data protection standards. 
• Privacy and fairness: Top casinos should use modern SSL encryption software to keep your data secure. Leading operators allow independent labs to test their software to ensure games and payments are fair. 
• Payments: Canadian casino players value flexibility when it comes to deposits and withdrawals. We expect top Canadian casinos to offer e-wallets like PayPal and Skrill, cards like Visa and Mastercard, and even popular cryptocurrencies.