Tax season can create anxiety for many Canadians, especially when it comes to safeguarding against tax-related fraud. Scams during this time can lead to identity theft, financial loss, and even legal trouble. To help you stay secure, here are four key tips to prevent tax fraud.
Safeguard your personal details
Your Social Insurance Number (SIN) is a critical piece of information that criminals can use to commit tax fraud. Keep your SIN card stored securely and avoid sharing the number unless it’s absolutely required. Also, remember to shred documents that contain sensitive information before disposing of them.
If you’re using the CRA’s online services, create a strong password and never disclose your CRA security code, user ID, or login credentials to anyone. Want an extra layer of digital protection? Regularly clearing your browser cache can help. This step removes stored cookies and often requires you to answer one of your pre-set security questions again, giving your account an added layer of verification. Consider it a simple but effective security boost.
Stay alert for scams
Phishing attempts are a frequent tactic used by fraudsters to steal personal information. These scams often come through emails, phone calls, or text messages that appear to be from the Canada Revenue Agency. Be cautious about answering calls from unknown numbers or opening unsolicited messages asking for financial or personal information. If you get an unexpected message claiming to be from the CRA—especially one urging you to open a link—pause before you click. Never respond to, download from, or open suspicious links, as doing so can compromise your personal data instantly. If something seems off, sign in to your CRA account directly through the official website or call the CRA using their verified phone number.
Install anti-virus protection
Adding anti-virus software to your devices can significantly improve your online security and help shield you from malware-related scams. Malware can expose your personal and financial information and may even generate fake CRA pop-ups designed to trick you into entering private details. To keep your protection effective, make sure your anti-virus software is fully updated and run routine scans on all your devices.
Choose a trustworthy tax preparer
If you use a tax preparation service, selecting a reliable provider is an important part of staying safe during tax season. Make sure the company is registered with the CRA and has a solid reputation. Before your return is submitted, review it carefully to ensure all details are correct and current.
By following these four simple steps, you can reduce your risk of falling victim to tax fraud and help ensure your tax return is filed securely. If you notice any suspicious activity, report it to the CRA right away.
Grow your savings this tax season with help from ABCU
Credit unions offer excellent financial support to help you feel confident about your money—during tax season and throughout the year. Contact us to learn more: general@abcu.ca
Need to get in touch?
