By Lydia Bzowej, February 15, 2019
So many passwords for so many sites and devices! Using the same simple password over and over, while easier, can also be dangerous. Some tips for creating effective passwords:
These scams have been around for a while but have been increasing at an alarming rate. The CRA scam has received the most attention recently due to both the frequency that is being reported and the fear it brings to every one of us who files taxes. You receive a phone call, often on your cell phone, from someone claiming to be with CRA. They advise that you are overdue on your taxes and demand immediate payment. They threaten you with arrest unless you immediately go to your bank and transfer money. The cell phone works particularly well as they can keep you on the phone the entire time while you are going to the bank. Sadly, this has worked many times – people feel threatened, get very scared and are defrauded out of thousands of dollars.
Remember, CRA will NEVER e-mail or call you looking for money. Correspondence is always by mail. If you are contacted any other way hang up and report the call to the police.
One of our own staff at Polson Bourbonniere Derby received an e-mail from Air Canada a few weeks ago advising that there was a phone scam making the rounds. They indicated that people were receiving calls offering a prize or vacation from Air Canada. Attempts were then made to collect personal information for fraudulent purposes. Air Canada advised that they never promote by phone and recommended that anyone contacted should hang-up and report the incident to the Canadian Anti-Fraud Centre (CAFC) by phone or online:
We want to highlight this particular scam for individuals who are grandparents and are the major target of this ploy. In this case, the scammers go through mail, social networking profiles, etc. to gather information. They then call a grandparent – often in the middle of the night for maximum effect – claiming to be a grandchild who is in trouble. They ask their “grandparent” to send money via Western Union and not tell anyone else in the family for fear of consequences. Unfortunately, this works all too frequently.
There are always going to be people who try to steal from others; the internet, with all of its available information, is making this easier to do. Never let someone intimidate you into sending money or providing personal information by phone or online. Verify first, double check the information, and always report such instances.This article is a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.