PayPal Gift Card Giveaways in Canada
PayPal is money rather than store credit, spendable anywhere PayPal is accepted or withdrawable to your own bank. Sent to the email address registered to your PayPal account.
What a PayPal prize card will not cover
A transfer to an address with no PayPal account attached is held and eventually returned, so the account has to exist first.
Tax on a prize in Canada
A prize won in a contest is generally not taxable income in Canada, so a gift card or cash prize is usually yours in full. The exception is a prize connected to your employment or your business, which is treated as income like any other benefit. What the prize earns afterwards is taxable in the ordinary way: interest on prize money in a savings account is interest. The CRA is the authority on your own situation.
Entering without paying
Canadian contest law has a requirement that exists almost nowhere else: a winner must correctly answer a skill-testing question before the prize can be awarded, usually a short arithmetic problem. It is not a formality invented by the promoter. Without an element of skill a prize contest would be an illegal lottery under the Criminal Code, so the question is what makes the promotion lawful. Expect it, and do not treat an email asking you to solve a sum as a fake: on a Canadian contest it is the normal final step. What is never normal is being asked for a fee alongside it.
Questions
- How does a PayPal prize card arrive?
- Sent to the email address registered to your PayPal account.
- Is a PayPal giveaway win taxed in Canada?
- A prize won in a contest is generally not taxable income in Canada, so a gift card or cash prize is usually yours in full. The exception is a prize connected to your employment or your business, which is treated as income like any other benefit. What the prize earns afterwards is taxable in the ordinary way: interest on prize money in a savings account is interest. The CRA is the authority on your own situation.
- Is entering free?
- Canadian contest law has a requirement that exists almost nowhere else: a winner must correctly answer a skill-testing question before the prize can be awarded, usually a short arithmetic problem. It is not a formality invented by the promoter. Without an element of skill a prize contest would be an illegal lottery under the Criminal Code, so the question is what makes the promotion lawful. Expect it, and do not treat an email asking you to solve a sum as a fake: on a Canadian contest it is the normal final step. What is never normal is being asked for a fee alongside it.
Nothing matching this page is open right now
Giveaways rotate through the day, and this market has no matching listing at this minute. The country-specific rules above still apply before the next one opens.