That threatening message saying your Netflix account will be suspended unless you pay. The persistent texts that look like they’re from Canada Post claiming a delivery failed because of a wrong address. Just click a link and everything will be fixed. Scams like these are everywhere. Sometimes fraud is brazen; other times it’s subtle and … Read more

Scams are widespread—both offline and online—and the rise of artificial intelligence has made many frauds easier to execute and harder to detect. While anyone can fall victim to technology-enabled schemes, seniors are often targeted because they may have larger savings, face greater difficulty recovering losses, and can be socially isolated. Financial publications and consumer-protection organizations … Read more

You rush out the door, pat the usual pocket to check for your wallet — and it’s gone. Maybe it slipped into yesterday’s jeans, or into the pantry next to a granola bar. Then the darker thoughts arrive: did you lose it? Did someone pick it up? If so, how long have they had access … Read more

Young Canadians aged 18 to 34 say that despite growing up in a digital world—where smartphones and apps were part of childhood—they’ve become prime targets for online fraud. Nearly one in three in this age group report falling for a scam. With 41% of scams occurring on dating and social apps, why are socially and … Read more

Cryptocurrency investing opens up new possibilities but also attracts scams and sophisticated fraudsters. Because much of the crypto sector remains largely unregulated, it can be hard to tell legitimate opportunities from fraudulent schemes. In 2024, Canadians lost more than $310 million to investment scams, and the Canadian Anti-Fraud Centre (CAFC) told MoneySense that “well over … Read more

Prime Minister Mark Carney eliminated the consumer carbon levy as one of his first actions after taking office earlier this month. Beginning April 1, the price that everyday Canadians pay directly at the pump and on certain fuels for emissions is set to be $0. Below is a practical guide to what Canadians can expect … Read more

Canadians opening a student bank account often start with the big banks, but several digital and challenger banks offer competitive products worth considering. Below we review our top picks for student bank accounts and notable student banking offers available in Canada, focusing on low fees, strong interest rates, and student-friendly perks. Best student bank accounts … Read more

Is the Canada Revenue Agency (CRA) really calling you—or is it a scam? The CRA is warning Canadians about persistent scams in which fraudsters impersonate CRA agents, demand immediate payment for alleged tax debts and threaten fines, criminal charges, jail time or even deportation if you don’t comply. These scammers frequently demand payment through e-Transfer … Read more

Ask MoneySense We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of the funds and has refused responsibility for the remainder. I am at level three of the bank’s complaint process and wondering how to proceed. Do … Read more

Many Canadians have learned to spot common signs of phishing and fake websites—poor spelling, blurry logos and suspicious-looking URLs. That awareness is valuable, but it’s no longer enough to guarantee safety. Scams continue to evolve, growing more sophisticated and convincing. With powerful tools like artificial intelligence increasingly available, fraudsters are honing their tactics and widening … Read more