Spotting the Red Flags: How to Avoid Common Scams Targeting Seniors

CRA (Canada Revenue Agency) Scams You get a call out of the blue, and the voice on the other end says you owe back taxes and need to pay up right now or face jail time. Don’t fall for it – it’s a classic scam.

How to Protect Yourself:

• The CRA never demands immediate payment or threatens arrest over the phone.
• Hang up and call the CRA directly using the official number to verify any claims.
• Report suspicious calls to the Canadian Anti-Fraud Centre (CAFC)​ (Canada.ca)​.

An email pops into your inbox, looking like it’s from a legitimate organization, asking for personal information or including a link that downloads malware.

How to Protect Yourself:

• Don’t click on links or download attachments from unknown senders.
• Verify the sender’s email address carefully – look out for small typos or strange characters.

Use security software and keep it updated​ (Canada.ca)​.

A panicked voice claims to be your grandchild, stuck in some emergency, and needs money wired right away. Sound fishy? It probably is.

How to Protect Yourself:

• Verify the caller’s identity by asking questions only your grandchild would know.
• Call your grandchild or another family member to confirm the story.
• Don’t send money without verification​ (Canada.ca)​​ (The Senior List)​.

A too-good-to-be-true investment opportunity comes your way, promising high returns with little risk. Remember, if it sounds too good to be true, it probably is.

How to Protect Yourself:

• Be wary of unsolicited investment offers and promises of guaranteed returns.
• Research the investment and the person offering it through official channels.
• Consult a financial advisor before making any investment decisions​ (Canada.ca)​​ (The Senior List)​.

An online sweetheart showers you with affection, only to start asking for money for some emergency. Don’t let your heart (or wallet) get broken.

How to Protect Yourself:

• Be cautious of individuals who profess love quickly and ask for financial help.
• Verify the person’s identity through video calls or meeting in person before sending money.
• Report suspicious profiles to the dating site or social media platform​ (Canada.ca)​​ (Savvy New Canadians)​.

Someone knocks on your door, offering to fix your roof or pave your driveway at a bargain price. They take your money and either disappear or do a lousy job.

How to Protect Yourself:

• Always get multiple quotes and check references before hiring a contractor.
• Avoid paying the full amount upfront; make payments in stages as work is completed.
• Check with the Better Business Bureau for any complaints against the contractor​ (The Senior List)​​ (Savvy New Canadians)​.