A deposit bonus in Canada is a popular promotional offer provided by online casinos and sportsbooks to attract new players and retain existing ones. Typically, it involves matching a percentage of a player's initial deposit, allowing them to play with extra funds. For example, a 100% deposit bonus up to $200 means that if you deposit $200, you receive an additional $200 in bonus money. These bonuses often come with specific wagering requirements, so it's essential for players to read the terms and conditions before claiming the offer to maximize their gaming experience.