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| Beware of charities offering receipts greater than your contribution. |
The Canada Revenue Agency has issued a warning against participating in gifting arrangements that result in donations receipts worth three or four times the out-of-pocket costs to the taxpayer. The schemes involve such things as buying two pieces of art for $1,000, donating them to an organization or cause and then receiving a charitable receipt for double or triple the amount of the actual cost.
You can not submit tax receipts for more than your donation. Doing so constitutes tax evasion and you may be audited by CRA.
The Top Ten Scams list.
Developed jointly by BBB, Consumer Protection BC, and Competition Bureau of Canada, in no specific order.
- Door-to-Door Scams
- Not-so-Free Trial Offers
- Anti-Social Network
- Advance Fee Loans
- Phishing, Vishing, and Smishing
- Relative Scam
- Job Scams
- Business Opportunities
- Business Directory Scams
- Overpayment Scams
Watch here for new announcements about scams and frauds currently circulating.
