March 2, 2: MONTREAL — The Competition Bureau, in conjunction with the Better Business Bureau, Quebec-based consumers group Option consommateurs and other fraud-prevention partners announced Wednesday the top 10 fraud scams targeting Canadians in In terms of the number of complaints received, the hit list is as follows:. The most reported scam to BBB Scam Tracker. A cheque-cashing scheme that is simply too good to be true.

Do research on any company before accepting a position; ignore a company that asks you to deposit a cheque. Canadians give away a lot of money as they give away their hearts to Catphishers. Catphishing is when a fraudster fakes an identity and tricks someone via dating sites into a phony emotional or romantic relationship for financial gain.

Paying an up-front fee to get a loan is illegal in Canada and the United States. Scammers have new online avenues to take your money and trust.

Counterfeit merchandise, goods that never show up, fake websites and free trial traps are everywhere. Spearphishing is a big problem for the business community. Millions are lost when scammers pose as company brass and demand money be wired to a fake company email. Big promises of low-risk, high returns, and full refunds entice Canadians to take a chance. They delay any winnings…if you win at all. You just need to pay a tax or insurance fee before you get your millions. While the scam is still being reported, a crackdown on a call centre in India in has seen a dramatic decrease in the number of calls targeting Canadians.

The Canada Revenue Agency does not make threatening phone calls; the CRA does not request information by phone or by email. Consumers are often enticed to purchase a product or service based on reviews by social media influencers.

Unfortunately, these reviews may not be genuine and the influencer may have been paid by a company to be used as a marketing tool. Your account has been reactivated.

From romance scams to fake lottery winnings: The top 10 frauds Canadians need to watch out for | Financial Post

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We've sent you an email with instructions to create a new password. All FP Tech Desk. From romance scams to fake lottery winnings: The top 10 frauds Canadians need to watch out for Various consumer watchdogs including the federal Competition Bureau compiled the list of 10 based on complaints received from consumers Getty Images.

Filed under Personal Finance. The top 10 frauds Canadians need to watch out for. In terms of the number of complaints received, the hit list is as follows: Never carry your SIN with you; change online passwords regularly. Seek alternative finance options. Think Toronto is bad?

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