Mastering Money

Are tax evasion and tax fraud the same? How do they impact the lives of Canadians? This episode will discuss the alarming consequences of tax illegal practices and the effective solutions to combat them.

Hear from John Oakey, Chartered Professional Accountants CPA Canada’s VP Tax, on challenges and solutions while dealing with taxing troubles.

Key Takeaways:

Learn the difference between tax fraud and tax evasion

Find out more about individual forms of tax evasion

Learn how tax evasion hurts individual Canadians and businesses.

Additional Resources:

Reporting suspected tax or benefit cheating in Canada: Overview – Government of Canada

Report offshore tax cheating: Overview – Government of Canada

How to report CRB fraud to CRA – CRB Canada

2022+ Underground Economy Strategy – Government of Canada

Tax evasion, understanding the consequences – Government of Canada

Enforcement notifications: compliance actions – Government of Canada

Tax blog

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

You’ve heard the horror stories in the news: a family leaves for vacation and on their return someone has sold their house out from under them. Or, maybe they find that somebody has applied for a mortgage in their name.

Who can fall victim to fraudulent property sales? In this eye-opening episode, we delve into a world where both lenders and homeowners can unknowingly become victims of deceit.

In this episode, Jennifer Fiddian-Green, Partner, National Advisory Services, Forensics, Grant Thornton LLP, discusses the tactics used by scammers to initiate property fraud and the preventive actions that you can take to safeguard your assets.

Key takeaways:

 Understand the mechanics of fraudulent property sales.

Learn common tactics used by fraudsters to initiate fraudulent property transfers.

Learn precautionary actions property owners can take to minimize the risk of property fraud.

Find out what legal protections and remedies are available to victims of fraudulent property transfers.

Additional Resources:

Mortgage Fraud: What You Need to Know – CMHC

Identity Theft and Fraud – Canadian Anti-Fraud Centre

Place a Fraud Alert or Active Duty Alert – Equifax®

Fraud Victims Resources – TransUnion Canada

FCT – Property Owners – Title Fraud

How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News

Protect Yourself Against Identity Theft – Government of Canada

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

Street robbery can have a lasting impact on individuals and their loved ones both financially and emotionally. In this episode, we discuss practical tips on how to protect yourself and how to deal with the aftermath of a street robbery to regain control over both the emotional and financial aspects of your life, such as why it’s imperative to make a police report.

We speak with Li Zhang, Director, Financial Literacy, at CPA Canada, as she talks about her experience with street robbery and the steps that she had taken to deal with the aftermath of the incident.

Key Takeaways:

Learn how and why it’s necessary to make a report when you’re the victim of a crime.

How to regain control of your life again after being robbed

How to process your emotions and trauma to recover from your experience

Additional Resources:

Report a Lost or Stolen Card – Visa

What to do if you're a victim of fraud – Canadian Anti-Fraud Centre

Reporting fraud, abuse or misuse – Government of Canada

Online Crime Reporting – Royal Canadian Mounted Police

Ontario Provincial Police – Online Reporting

Robbery – Toronto Police Service Public Safety Data Portal

How to avoid or recover from identity theft – Ontario

Resolving an unauthorized transaction – Government of Canada

How to Protect Yourself from Credit Card Fraud – RBC Royal Bank

Mastercard Fraud Protection & Security For Merchants – Report Fraud

Damaged, Lost or Stolen Credit Card – TD Canada Trust

Credit card fraud – Government of Canada

4 Steps to Take if Your Credit Card is Lost – Equifax Canada

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

Love is a many-splendored thing, but it can turn into a nightmare when entangled with romantic catfishing scams. Certain people, such as aging, lonely seniors can fall victim to these kinds of scams and unwittingly become a money mule for thieves.

Join Jeff Horncastle, Acting Client and Communications Outreach Officer at Canadian Anti-Fraud Centre to know more on how to protect yourself and your loved ones from falling victim to romantic schemes.

Key Takeaways:

Learn the red flags that may indicate a romance scam to protect you and your loved ones

Learn how criminals may use AI tools to manipulate their potential victims.

Learn who are most vulnerable to online romance scams

Additional Resources:

Romance – Canadian Anti-Fraud Centre

Report Fraud and Cybercrime – Canadian Anti-Fraud Centre

Money Mule Awareness – Canadian Anti-Fraud Centre

The Daily – Self-Reported Fraud in Canada, 2019

Investment – Canadian Anti-Fraud Centre

4 top Scams Currently Making the Rounds – and How to Avoid Them

TinEye – Reverse Image Search

What Are Deepfakes? How to Spot Fake AI Audio and Video – Business Insider

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode explores the intricate world of cryptocurrency scams, key red flags, and strategies to protect oneself from falling prey to these schemes.

Join our experts Charlie Pettypiece, Senior Investigation Counsel in the Enforcement Branch of the Ontario Securities Commission and Dena Staikos, Manager in the Compliance and Registrant Regulation Branch of the Ontario Securities Commission, to learn more about Identifying warning signs of potential cryptocurrency scams and safe investing practices in the crypto market.

Key Takeaways:

Learn all about digital assets and crypto asset trading platforms to get started on your crypto journey

Learn why cryptocurrencies attract people and why it is crucial these assets are regulated

Learn how to protect yourself when investing into crypto – and what red flags you need to look out for

Additional Resources:

Get Smarter About Crypto

QuadrigaCX – A Review by Staff of the Ontario Securities Commission

Registered Crypto Asset Trading Platforms – OSC

Crypto Trading Platforms Authorized to do Business with Canadians – Canadian Securities Administrators

Red Flags of Crypto Fraud

How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down – The New York Times

FTX Founder Sam Bankman-Fried Convicted of Defrauding Cryptocurrency Customers – CBC News

Crypto Quiz

Crypto Survey

Investing Academy

How to spot & avoid crypto scams

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada or Ontario Securities Commission. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.