8.4.5 Fraud prevention
Beware of the potential for fraud whenever you talk to others about your money or your taxes.
- Some advisors may offer to invest your money in tax-free schemes, or to move your money from a Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) to their own investments. Before you invest, ensure that your advisor is registered with your local securities regulator and that the investment has proper documents.
- Some scammers pretend to be tax-deductible charities to ask for your donations. Go to Canada Revenue Agency (CRA) to check the Charities Listings.
- Some scammers send phony emails (phishing) claiming to be from the tax agency. The emails may look similar to genuine ones, but they ask you to click a web link that will take you to a site that gathers your personal information. The CRA does not request any personal information by email or by answering machine.
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