Common Scams to Watch Out for in Canada

Scammers always find new ways to trick people, leveraging various tactics to exploit honest people's trust. Whether through online schemes, phone calls, or in-person encounters, these fraudsters continually evolve their methods of deception.

Awareness of the most common scams and understanding how to protect yourself are crucial in safeguarding your personal information and hard-earned money. Here are some scams to watch out for and tips on how to stay protected:

  1. Government-Relief Funding Scam: Criminals exploit situations like waiting for government benefits to steal personal information. To avoid falling for these scams, always verify benefits through official government websites, like www.canada.ca.
  2. Romance Scam: Fraudsters pose as romantic interests and ask for money for travel or emergencies. Be cautious about lending money to someone you haven't known long or haven't met in person.
  3. Gift Card Scam: Scammers steal and tamper with gift cards. Look closely at any gift cards you buy to ensure they haven't been tampered with. Only purchase gift cards from reputable retailers.

By keeping these common scams in mind, you can help avoid being taken advantage of by fraudsters!

We're here to help! If you ever feel uncertain about a suspicious communication or potential fraud, reach out to our Contact Centre, book an appointment with your advisor, or stop by a branch to talk about it. Together, we can help our communities fight fraud!

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