A new survey by CGA-Canada has revealed that tax season is favoured by fraudsters as a time to scam Canadians.
Results of the survey were released today and show that one in 20 Canadians has personally been a victim of a tax season scam or has a close friend or family member who has.
And the losses can be significant. According to the survey, 18 per cent of Canadians have either lost or know someone who has lost more than $1,200 to a tax season scam. Eight per cent of victims have lost between $750 and $1,200, and 10 per cent have lost between $251 and $750.
The survey found that the most common tax season scams that Canadians are exposed to are:
Phishing e-mails or telephone calls (11 per cent)
Identity theft (five per cent)
Abuse of charitable organizations and deductions (four per cent)
Tax preparer fraud (three per cent)
Men are twice as likely as women to have been a victim of tax season-related scams themselves or have known a close friend or someone else who has, and Canadians aged 18-34 are significantly more likely than those in the 35-54 age group to have been a victim themselves.