An original podcast from the Chartered Professional Accountants of Canada. Our financial literacy podcast talks about key issues, trends and tips as they relate to financial education.
Disclaimer:
The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect that of CPA Canada.
Publisher
Chartered Professional Accountants of Canada (CPA Canada)
S9 E06: Taxing Troubles: The Hidden Impact of Evasion – The Great Heist
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 (https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/suspected-tax-cheating-in-canada-overview.html)
Report offshore tax cheating: Overview – Government of Canada (https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/offshore-tax-informant-program.html)
How to report CRB fraud to CRA – CRB Canada (https://crbcanada.ca/how-to-report-cerb-fraud-to-cra/)
2022+ Underground Economy Strategy – Government of Canada (https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/corporate-reports-information/underground-economy-strategy-2022.html)
Tax evasion, understanding the consequences – Government of Canada (https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/combat-tax-crimes.html)
Enforcement notifications: compliance actions – Government of Canada (https://www.canada.ca/en/revenue-agency/news/newsroom/criminal-investigations-actions-charges-convictions.html)
Tax blog (https://www.cpacanada.ca/business-and-accounting-resources/taxation/blog)
Download transcript (https://cpa.cpacanada.ca/-/media/Site/Operational/CC-Corporate-Citizenship/Docs/FinLit/FL-Podcast-Transcript-S09-EP06.pdf)
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.
22 Feb 2024
S9 E05: Protecting Your Castle – Safeguarding Against Fraudulent Property Sales
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:
Watch Out for Mortgage Fraud – Financial Services Regulatory Authority of Ontario (https://www.fsrao.ca/consumers/how-fsra-protects-consumers/mortgage-brokering/watch-out-mortgage-fraud)
Mortgage Fraud: What You Need to Know – CMHC (https://www.cmhc-schl.gc.ca/consumers/owning-a-home/mortgage-management/mortgage-fraud)
Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud (https://www.cpacanada.ca/en/public-interest/financial-literacy/financial-literacy-resources/financial-literacy-resources-and-publications/protecting-you-and-your-money)
Identity Theft and Fraud – Canadian Anti-Fraud Centre (https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/identity-identite-eng.htm)
Place a Fraud Alert or Active Duty Alert – Equifax® (https://www.equifax.com/personal/credit-report-services/credit-fraud-alerts)
Fraud Victims Resources – TransUnion Canada (https://www.transunion.ca/assistance/fraud-victims-resources)
FCT – Property Owners – Title Fraud (https://fct.ca/property-owners/title-fraud/)
How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News (https://www.cbc.ca/news/canada/toronto/organized-crime-groups-behind-gta-home-sales-mortgages-without-owners-knowledge-1.6719978)
Protect Yourself Against Identity Theft – Government of Canada (https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc284/protect-yourself-against-identity-theft.html)
Download transcript (https://cpa.cpacanada.ca/-/media/Site/Operational/CC-Corporate-Citizenship/Docs/FinLit/FL-Podcast-Transcript-S09-EP05.pdf)
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.
15 Feb 2024
S9 E04: Surviving the Shadows – Street Crimes and Robbery
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 (https://www.linkedin.com/in/lizhangpmp), Director, Financial Literacy (https://www.cpacanada.ca/en/public-interest/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 (https://www.visa.ca/en_CA/support/consumer/lost-stolen-card.html#:~:text=Cardholders%20in%20the%20U.S%20and,your%20local%20toll-free%20number.)
What to do if you're a victim of fraud – Canadian Anti-Fraud Centre (https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm)
Reporting fraud, abuse or misuse – Government of Canada (https://www.canada.ca/en/employment-social-development/corporate/transparency/access-information/prevention-signalement-fraude/reporting.html)
Online Crime Reporting – Royal Canadian Mounted Police (https://www.rcmp-grc.gc.ca/en/nb/online-crime-reporting)
Street Robbery Safety – Toronto Police Service (https://www.tps.ca/my-neighbourhood/crime-prevention/street-robbery-safety/)
Ontario Provincial Police – Online Reporting (https://www.opp.ca/index.php?id=132)
Robbery – Toronto Police Service Public Safety Data Portal (https://data.torontopolice.on.ca/pages/robbery)
How to avoid or recover from identity theft – Ontario (https://www.ontario.ca/page/how-avoid-or-recover-identity-theft)
Resolving an unauthorized transaction – Government of Canada (https://www.canada.ca/en/financial-consumer-agency/services/resolving-unauthorized-transaction.html)
How to Protect Yourself from Credit Card Fraud – RBC Royal Bank (https://www.rbcroyalbank.com/credit-cards/cardholders/how-to-protect-from-credit-card-fraud.html)
Mastercard Fraud Protection & Security For Merchants – Report Fraud (https://www.mastercard.ca/en-ca/business/overview/safety-security/suspect-fraud.html)
Damaged, Lost or Stolen Credit Card – TD Canada Trust (https://www.td.com/ca/en/personal-banking/advice/day-to-day-banking/lost-stolen-damaged-credit-card#:~:text=Lost%20or%20stolen%20cards,be%20happy%20to%20assist%20you.)
Credit card fraud – Government of Canada (https://www.canada.ca/en/financial-consumer-agency/services/credit-fraud.html)
4 Steps to Take if Your Credit Card is Lost – Equifax Canada (https://www.consumer.equifax.ca/personal/education/identity/lost-credit-card-4-things-to-do/)
Download transcript (https://cpa.cpacanada.ca/-/media/Site/Operational/CC-Corporate-Citizenship/Docs/FinLit/FL-Podcast-Transcript-S09-EP04.pdf)
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.
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3 ratings
Spotify
3.9 / 5
15 ratings
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