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
• Report offshore tax cheating: Overview – Government of Canada
• How to report CRB fraud to CRA – CRB Canada
• 2022+ Underground Economy Strategy – Government of Canada
• Tax evasion, understanding the consequences – Government of Canada
• Enforcement notifications: compliance actions – Government of Canada
• Tax blog

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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.

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
• Mortgage Fraud: What You Need to Know – CMHC
• Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud
• Identity Theft and Fraud – Canadian Anti-Fraud Centre
• Place a Fraud Alert or Active Duty Alert – Equifax®
• Fraud Victims Resources – TransUnion Canada
• FCT – Property Owners – Title Fraud
• How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News
• Protect Yourself Against Identity Theft – Government of Canada

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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.

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, Director, 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
• What to do if you're a victim of fraud – Canadian Anti-Fraud Centre
• Reporting fraud, abuse or misuse – Government of Canada
• Online Crime Reporting – Royal Canadian Mounted Police
• Street Robbery Safety – Toronto Police Service
• Ontario Provincial Police – Online Reporting
• Robbery – Toronto Police Service Public Safety Data Portal
• How to avoid or recover from identity theft – Ontario
• Resolving an unauthorized transaction – Government of Canada
• How to Protect Yourself from Credit Card Fraud – RBC Royal Bank
• Mastercard Fraud Protection & Security For Merchants – Report Fraud
• Damaged, Lost or Stolen Credit Card – TD Canada Trust
• Credit card fraud – Government of Canada
• 4 Steps to Take if Your Credit Card is Lost – Equifax Canada

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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.

Love is a many-splendored thing, but it can turn into a nightmare when entangled with romantic catfishing scams. Certain people, such as aging, lonely seniors can fall victim to these kinds of scams and unwittingly become a money mule for thieves.

Join Jeff Horncastle, Acting Client and Communications Outreach Officer at Canadian Anti-Fraud Centre to know more on how to protect yourself and your loved ones from falling victim to romantic schemes.

Key Takeaways:

• Learn the red flags that may indicate a romance scam to protect you and your loved ones
• Learn how criminals may use AI tools to manipulate their potential victims.
• Learn who are most vulnerable to online romance scams

Additional Resources:

• Romance – Canadian Anti-Fraud Centre
• Report Fraud and Cybercrime – Canadian Anti-Fraud Centre
• Money Mule Awareness – Canadian Anti-Fraud Centre
• The Daily – Self-Reported Fraud in Canada, 2019
• Investment – Canadian Anti-Fraud Centre
• 4 top Scams Currently Making the Rounds – and How to Avoid Them
• How to Google Reverse Image Search From iPhone, Android, or Desktop – Business Insider
• TinEye – Reverse Image Search
• What Are Deepfakes? How to Spot Fake AI Audio and Video – Business Insider

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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.

Increased risks of fraud scams leading to money laundering have intensified as we step further into the digital era. As our financial institutions become more digitized, so increases a fraudster’s ability to generate and move illicit funds anonymously and instantaneously.

What is money laundering? How has it evolved? How can it affect you? In this episode, we dive into the complexities of money laundering, exploring its impact on society, businesses, and individuals. We will also discuss governmental measures and initiatives to counteract these challenges and how you can report suspicious financial activities.

Join Terence Karacsony, CPA, CA, CFF, MFAcc Senior Manager in the Valuations, Forensics and Litigation Support practice of the Winnipeg Office of MNP LLP and Sarah Mulhall Director, Regulatory Affairs and Public Interest at CPA Canada, as we discuss the multifaceted landscape of money laundering, its consequences, and the collaborative efforts necessary to address this global issue.

Key Takeaways:

1. Learn and understand the methods of money laundering and its illicit origins.
2. Explore how the evolution of technology can be both exploited and used as a preventative tool against money laundering.
3. Understand the role of financial institutions, businesses and CPAs in detecting, mitigating and preventing money laundering.
4. Discover how money laundering affects business, society and everyday Canadians.
5. Understand the importance of reporting suspicious activities and why individuals must report such behaviour.

Resources:

• Anti-Money Laundering Resources
• Anti-Money Laundering Policy
• The CPA’s Role in Fighting Corruption and Money Laundering – Foresight: The CPA Podcast, Season 2, Episode 8
• A Governance Framework for Anti-Corruption and Responsible Business

Other:

• AML Rules: Why You Need to Know the Meaning of Non-Compliance
• Guide to Comply with Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Legislation

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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.

Join host Doretta Thompson in season 9 of our Mastering Money podcast. We’re talking about the dark side of money.

Together, we'll unravel the mysterious world of romance and cryptocurrency scams, tax trouble, robbery, money laundering fraudulent home sales and more. Through expert analysis and real-life stories, we dive into the complexities behind these disturbing realities and offer tips to protect you and your loved ones.

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The gig economy is here to stay as more individuals are engaging in side hustles to diversify their income streams. This episode will discuss the opportunities and challenges of side hustles, share success stories, and highlight key considerations for those looking to pursue additional income streams.

Hear from Gerald Narciso, a Vancouver-based freelance writer who wrote in The New York Times, The Washington Post, The Globe and Mail, and Bleacher Report/CNN, on challenges and opportunities while pursuing side hustles.

Key Takeaways:

• Learn about side hustles – and find out why millennials and gen Z are leading the charge
• Learn how to turn your side hustle survival into a side hustle romance
• Learn how to prevent your side hustle from jeopardizing your day job

Additional Resources:

• Mastering Money Podcast episode - Side hustle life
• The struggle is real. Even with a side hustle
• The Work Shift: Laid off couple in tech considers abandoning Canadian city
• The Work Shift: How out of work millennials are navigating the new normal

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This season is proudly brought to you by Pivot Magazine.

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.