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With tax season in full swing, police are reminding residents to be cautious of tax-related scams and frauds that tend to be more frequent this time of year.
March is fraud prevention month and police advise that one particular scam making the rounds at this time of year is the Canada Revenue Agency, or CRA scam.
The scam has been around for some time, but it still reels some people in.
The CRA scam tricks a victim into either paying a sum of money, or disclosing personal or financial information of a sensitive nature, such as their social insurance number.
In most cases, the scam starts when the victim receives a phone call from someone claiming to be from the CRA and is told there is an outstanding tax amount due.
The scammer will request immediate payment by credit card, prepaid gift cards, e-transfer or some other quick form of monetary payment. The fraudster will often pressure the victim into paying by threatening arrest, jail, or financial sanctions if they do not comply. Potentially, there could be an immediate monetary loss, but disclosing personal or sensitive information to these scammers can also lead to identity theft or other forms of fraud.
“The CRA scam is not new, but at this time of year with tax returns on our minds and to-do lists, it tends to pop up a lot more often,” said Const. Chris Terleski.
“As is the case with any scam, education and awareness are key to prevention. The earlier you are able to recognize you…
