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Best Casino Cashback Bonuses in Canada

Lisa Cheban - Contributor at Casinofinder
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Lisa Cheban
Contributor at Casinofinder
Contributor at Casinofinder
Lisa Cheban - Contributor at Casinofinder
Biography
Lisa Cheban is CasinoFinder’s go-to iGaming expert. With years of experience writing all about the world of online gambling, she has a knack for turning complex info into clear, digestible insights that Canadian players can trust and enjoy.
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Latest Update:
Nov 12, 2024, 6:55 pm
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When you’re playing at online casinos in Canada, you’ve probably noticed that there are usually many bonuses. Casinos often offer welcome bonuses for new players, reload bonuses, free spins offers, and plenty more. This is great news for you, as these bonuses can add to the fun of playing at the casino and offer some excellent rewards. One of the best types of bonuses is the casino cashback bonus. 

This article explains everything you need to know about this bonus. A cashback bonus can refund a specific percentage of your losses over a period. 

Top 12 Casinos with Cashback Bonuses

01
ice casino logo
Welcome Bonus

ICE Casino

C$1500 + 270 free spins

4.2/5

T&Cs Apply

  • Great Slot titles
  • Wicked Mobile App
  • Swift online customer chat
  • Visa
  • Mastercard
  • Skrill Logo
  • Neteller
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Payout Speed Instant

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Licenced by Khanawake gaming commision, Malta Gaming Authority (MGA), iGaming Ontario

02
mr pacho casino logo blue

Mr. Pacho

750 CAD + 200 Free Spins

4.7/5

T&Cs Apply

  • Interac deposits
  • Casino & Sportsbook
  • Good promotions
  • Visa
  • Mastercard
  • Skrill Logo
  • Neteller
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Payout Speed 3 hours

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Licenced by Khanawake gaming commision, Malta Gaming Authority (MGA), iGaming Ontario

03
bitkingz casino logo
Welcome Bonus

Bitkingz Casino

4500 CAD + 225 Free Spins + Cashback

4.2/5

T&Cs Apply

  • Crypto Gambling
  • Big Welcome Package
  • Instant cashbacks
  • Visa
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Payout Speed 3 hours

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04
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Welcome Bonus

Slothunter

6000 CAD + 250 free spins

4.7/5

T&Cs Apply

  • Good Welcome Bonus
  • Good Live Casino
  • Great slots
  • Visa
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Payout Speed 1-3 business days

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05
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Deposit Bonus

500 Casino

15,000 CAD

4.3/5

T&Cs Apply

  • Strong focus on CS2 betting
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  • Generous welcome bonus offer
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1Red

15,450 CAD + 100 Free Spins

4.5/5

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  • Sportsbook
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Welcome Bonus

1Bet

150 CAD + 150 Free Spins

4/5

T&Cs Apply

  • Sport bonuses and casino bonuses
  • Very wide selection of sports to bet on
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Payout Speed 1-2 business days

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08
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10Bet

1000 CAD

4.4/5

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  • Multiple trusted gaming licenses
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Welcome Bonus

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500 CAD + 200 Free Spins

4.7/5

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Deposit Bonus

Casino Quatro

700 free spins + C$100

4/5

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  • Nice free spins bonus
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11
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Deposit Bonus

Casino Rocket

C$1500 + 150 Free Spins

4.4/5

T&Cs Apply

  • Over 2,500 slot games available.
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CasinoDays Casino

2000 CAD + 100 Free Spins

4.3/5

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  • Nice welcome bonus
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Many Canadian players like these bonuses because they tend to have straightforward terms and conditions (T&Cs) and because they cut down on your overall losses. When you opt for these bonuses, you can enjoy playing your favourite games while mitigating some of your losses.

So, read on to learn more about cashback bonuses and the casinos that offer them.

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What is a Casino Cashback Bonus?

Bonuses are generally offered to players in online casinos in Canada to reward new players for joining and to thank loyal players for continuing to use the casino.

Casinos are often quite generous with their bonuses, and the offers can cover different periods of time. Welcome bonuses, for example, are usually only available to new players and cover their first deposit or a series of initial deposits. 

Other bonuses can be offered over different time frames, such as daily, weekly, or monthly.

If you’re wondering what is a casino cashback bonus, it lets you receive a certain percentage of your losses back over a fixed period. This can help to reduce your losses, which makes any downswing a little easier to deal with.

Most casino bonuses have restrictions, such as wagering requirements, time limits, and caps on winnings. Cashback bonuses tend to have fewer restrictions than many other bonuses. 

Usually, cashback offers just require you to deposit a minimum amount over a fixed period. However, you need to read the T&Cs to ensure you understand the offer’s conditions.

How to Claim a Casino Cashback Bonus

Reputable online casinos in Canada usually make claiming bonuses straightforward. They want you to feel you can claim rewards without difficulties. So, the T&Cs clearly state if there are conditions on the bonus and what you must do to be eligible for it.

Our team has opted for many cashback bonuses over the years. So, we’ve compiled a quick guide on claiming a casino cashback bonus for you.

01

Find a casino that offers a cashback bonus: We’ve selected a variety of casinos with excellent cashback bonuses. You can use our recommendations to find the casino that’s right for you. Many of these casinos also have loyalty programs, which often have cashback offers.

02

Check the eligibility requirements: You should read the T&Cs to find out about the eligibility requirements for the bonus and any other conditions. Typically, you must have deposited a certain minimum amount over a fixed period to be eligible for cashback. Also, there may be other conditions, such as minimum loss thresholds.

03

Activate the bonus: Some casinos will automatically credit cashback bonuses. However, you usually need to opt in for the bonus. You can do this by finding the bonus offer either in the ‘promotions/bonuses’ section of the site or through your personal account.

04

Use your cashback: Casinos credit cashback as either bonus credits or cash. Bonus credits can only be used at the casino. Whereas cash can be withdrawn. The funds credited to your account as cashback may have wagering requirements and other conditions on them.

Best Canadian Casinos Offering Cashback Bonuses

As our list above demonstrates, many online casinos in Canada offer cashback bonuses. It can be difficult to know which ones are great and which ones aren’t.

To help you understand what makes a cashback bonus worthwhile, our team has picked three of the best Canadian casinos with cashback bonuses. We’ll tell you a little about each casino and discuss why their cashback bonuses are particularly good. 

ICE Casino

ice casino logo
4.2/5
  • Great Slot titles
  • Wicked Mobile App
  • Swift online customer chat
ice casino cashback program

This cool casino has been around since 2021. It offers an excellent range of slots, live dealer games, and table games. If you enjoy a bit of competition, you can get involved in its tournaments, which offer generous prize pools.

Ice Casino has a loyalty program open to all players when they sign up. There are 100 levels, and you progress through them by playing games and completing tasks.

The cashback bonus at Ice Casino is tied to its loyalty program. The higher your loyalty level, the more cashback you will receive. The minimum deposit is $20, and the maximum amount of cashback per week is $2,000. The wagering requirement is 21x.

Pros & Cons

Pros
  • Great Slot titles
  • Wicked Mobile App
  • Swift online customer chat
Cons
  • No Sportsbook
  • Limited Payment options
  • Small Welcome Bonus

Different Types of Casino Cashback Bonuses 

When considering opting for cashback bonuses, you might assume they are all the same. However, this isn’t the case. There are different types of casino cashback bonuses. Let’s take a look at the main ones.

  • Net loss cashback

    This is the usual form of cashback bonus. You will receive a percentage of your net losses over a fixed time. So, the bonus can be something like 5% cashback on your net losses over seven days.
  • Game-specific cashback

    This cashback bonus will only apply to specific games. For example, cashback offers on slots or live casino games can be offered.
  • VIP cashback

    As we’ve seen from a couple of casinos above, there are often special cashback offers for VIP players. These offers tend to have higher cashback percentages and sometimes lower or even zero wagering requirements.
  • Weekend cashback

    These cashback offers are available on weekends. Weekends are peak playing times at online casinos, so a cashback bonus can be very useful at those times.

Advantages of Casino Cashback Bonuses for Canadian Players

There are quite a few key advantages of opting for cashback bonuses for players in Canada. In fact, one of the main reasons you’ll find so many of these types of bonuses online is that players like to use them because they can be very useful.

Our team has pinpointed five of the biggest benefits of casino cashback bonuses below.

Reduces risk

Cashback bonuses can be seen as a kind of safety net for players. This is because the bonus will refund some of the losses you might have accumulated over time. So, your net losses will be reduced.

Low wagering requirements

As you can see from the three casinos we highlighted above, the wagering requirements for this type of bonus can be very low or even zero. This means you can access winnings without risking more of your bankroll.

It can take some of the worry out of playing

When you opt for a cashback bonus, you know you’ll get some of your losses back. So, it can keep you playing for longer because you know you’ll get some of your funds back.

Flexibility

Many casinos allow you to play different types of games while still earning cashback. So, you can play a few slots and then play a live game of roulette, and you’ll still receive cashback.

VIP perks

high rollers and VIP members can get excellent cashback bonuses. The cashback percentage and wagering requirements are often very generous for these players. So, it can be worth trying to become a VIP member or progress through the casino’s loyalty program.

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Tips for Maximizing Casino Cashback Bonuses

Online casino cashback bonuses are a great way to mitigate the risk to your bankroll while playing casino gamesThese bonuses have many advantages that can help to make your time at a casino more enjoyable. You can maximize these bonuses by following our top tips for maximizing casino cashback bonuses below.

  • Prioritize casinos that offer cashback bonuses: Ensure you get additional value from an online casino by playing at casinos that offer cashback in the form of bonuses or as part of their loyalty programs.
  • Look for cashback with low or no wagering: You can withdraw your funds sooner when the wagering requirements are low or at zero. It also means you don’t need to risk more of your bankroll to access your winnings.
  • Keep an eye on weekly/monthly cashback offers: Monitor your offers to ensure you don’t miss out on any and meet the T&Cs.
  • Focus on games with high Return to Player (RTP): Even if you’ve opted for a cashback bonus, playing games with the potential to give good returns is still beneficial. This can help to reduce your overall losses.
  • Use cashback strategically: Don’t rush to withdraw your cashback. Using your cashback to bankroll your future gaming sessions may be better, which can reduce your risk.
  • Join VIP programs: Highrollers should join VIP programs that offer enhanced cashback bonuses.

Casino Cashback Bonuses on Mobile: Play and Earn Anywhere

Using mobile devices to play slots or other casino games is so easy that it’s often more convenient than playing on a laptop. Most online casino websites in Canada are optimized to work across devices. Some online casinos also offer player apps built for Android or iOS.

So, you can access online casino sites easily and quickly on most devices. This means that you can opt for bonuses and promotions on any device. 

Mobiles allow you to track and redeem cashback offers easily. Casino cashback bonuses on mobile can be accessed by logging in to your account or checking the promotions section.

Wagering Requirements for Casino Cashback Bonuses

Wagering requirements for cashback bonuses are applied to the percentage of cashback you receive.

Let’s take the example of a cashback bonus offer that gives you 5% of your net losses back with no wagering requirement. The bonus runs for one week. If you lose $100 in that week, your cashback will be 5% of $100, which is $5. The wagering requirement is zero. Therefore, you can withdraw your funds immediately without making any further wagers.

Some cashback bonuses do come with wagering requirements. Therefore, it’s essential to read the T&C of any bonus you opt for and check the wagering requirements. 

Many cashback bonuses tend to have lower wagering requirements than other types of bonuses. It’s a good idea to opt for cashback bonuses with low or no wagering requirements, as this means you can withdraw without having to make any more wagers.

The Future of Casino Cashback Bonuses in Canada

When we look at the future of online casinos and the bonuses they offer, we can see that there is a move towards increasing personalization of the player experience. Loyalty programs, for example, often let players choose what sort of rewards they receive. 

The future of casino cashback bonuses lies in the offer of low to zero wagering requirements, as this is a key advantage of these bonuses. Also, it looks likely that the bonuses will continue to be an integral part of many loyalty programs and VIP perks. 

As mobile gaming becomes even more popular, we also expect to see more mobile-specific offers. 

Responsible Gambling and Casino Cashback Bonuses

Although cashback bonuses can be a useful safety net, it’s vital to use them responsibly. Cashback can soften losses, but you should never allow it to encourage you to chase your losses or play excessively. 

Responsible gambling with cashback bonuses involves setting sensible limits and sticking to them. You’ll find responsible gambling tools at many casinos that can help you to manage your gambling. 

Tools like loss limits, for example, can help to prevent you from chasing your losses. Other tools include time limits, deposit limits, and self-exclusion.

In Canada, players can access many resources to assist them with responsible gambling. If you’d like more information, you can contact the organizations below:

Conclusion

Online casinos in Canada offer a wide variety of cashback bonuses. These bonuses offer various benefits, including lower wagering requirements, risk mitigation, and flexibility. 

You can use our list of online casinos with cashback bonuses to find the best casino for you. A casino cashback bonus in Canada can enhance your gaming experience by giving you a bit of a safety net, as you should get some of your losses back.

However, when you use these bonuses, you must always gamble responsibly. Cashback bonuses should be seen as extending your gameplay, not as guaranteed winnings. 

 So, now that you understand how cashback bonuses work, you’re in a much better position to take advantage of these exciting offers. Sign up at a top-rated Canadian online casino and start claiming cashback bonuses today.