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Scams are more common than ever. In 2025, Canadians lost over $704 million to fraud. That is only what was reported. Experts estimate only 5 to 10% of fraud is ever reported, meaning the true losses are far higher. [1] [2]

The good news is that most scams can be avoided once you know what to look for. You do not need to be a tech expert. You just need to know a few warning signs.

References

[1]  Canadian Anti-Fraud Centre, March 2026 Fraud Statistics. https://antifraudcentre-centreantifraude.ca/news-nouvelles/2026/2026-03-06-eng.htm

[2]  Department of Finance Canada, Combatting Financial Fraud, October 2025. https://www.canada.ca/en/department-finance/news/2025/10/combatting-financial-fraud-protecting-canadians-against-scams-and-abuse.html