Mastering Money Chartered Professional Accountants of Canada (CPA Canada)

Are tax evasion and tax fraud the same? How do they impact the lives of Canadians? This episode will discuss the alarming consequences of tax illegal practices and the effective solutions to combat them.
Hear from John Oakey, Chartered Professional Accountants CPA Canada’s VP Tax, on challenges and solutions while dealing with taxing troubles.
Key Takeaways:
Learn the difference between tax fraud and tax evasion
Find out more about individual forms of tax evasion
Learn how tax evasion hurts individual Canadians and businesses.
Additional Resources:
Reporting suspected tax or benefit cheating in Canada: Overview – Government of Canada
Report offshore tax cheating: Overview – Government of Canada
How to report CRB fraud to CRA – CRB Canada
2022+ Underground Economy Strategy – Government of Canada
Tax evasion, understanding the consequences – Government of Canada
Enforcement notifications: compliance actions – Government of Canada
Tax blog
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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

You’ve heard the horror stories in the news: a family leaves for vacation and on their return someone has sold their house out from under them. Or, maybe they find that somebody has applied for a mortgage in their name.
Who can fall victim to fraudulent property sales? In this eye-opening episode, we delve into a world where both lenders and homeowners can unknowingly become victims of deceit.
In this episode, Jennifer Fiddian-Green, Partner, National Advisory Services, Forensics, Grant Thornton LLP, discusses the tactics used by scammers to initiate property fraud and the preventive actions that you can take to safeguard your assets.
Key takeaways:
 Understand the mechanics of fraudulent property sales.
Learn common tactics used by fraudsters to initiate fraudulent property transfers.
Learn precautionary actions property owners can take to minimize the risk of property fraud.
Find out what legal protections and remedies are available to victims of fraudulent property transfers.
Additional Resources:
Watch Out for Mortgage Fraud – Financial Services Regulatory Authority of Ontario
Mortgage Fraud: What You Need to Know – CMHC
Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud
Identity Theft and Fraud – Canadian Anti-Fraud Centre
Place a Fraud Alert or Active Duty Alert – Equifax®
Fraud Victims Resources – TransUnion Canada
FCT – Property Owners – Title Fraud
How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News
Protect Yourself Against Identity Theft – Government of Canada
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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

Street robbery can have a lasting impact on individuals and their loved ones both financially and emotionally. In this episode, we discuss practical tips on how to protect yourself and how to deal with the aftermath of a street robbery to regain control over both the emotional and financial aspects of your life, such as why it’s imperative to make a police report.
We speak with Li Zhang, Director, Financial Literacy, at CPA Canada, as she talks about her experience with street robbery and the steps that she had taken to deal with the aftermath of the incident.
Key Takeaways:
Learn how and why it’s necessary to make a report when you’re the victim of a crime.
How to regain control of your life again after being robbed
How to process your emotions and trauma to recover from your experience
Additional Resources:
Report a Lost or Stolen Card – Visa
What to do if you're a victim of fraud – Canadian Anti-Fraud Centre
Reporting fraud, abuse or misuse – Government of Canada
Online Crime Reporting – Royal Canadian Mounted Police
Street Robbery Safety – Toronto Police Service
Ontario Provincial Police – Online Reporting
Robbery – Toronto Police Service Public Safety Data Portal
How to avoid or recover from identity theft – Ontario
Resolving an unauthorized transaction – Government of Canada
How to Protect Yourself from Credit Card Fraud – RBC Royal Bank
Mastercard Fraud Protection & Security For Merchants – Report Fraud
Damaged, Lost or Stolen Credit Card – TD Canada Trust
Credit card fraud – Government of Canada
4 Steps to Take if Your Credit Card is Lost – Equifax Canada
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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.
 

Love is a many-splendored thing, but it can turn into a nightmare when entangled with romantic catfishing scams. Certain people, such as aging, lonely seniors can fall victim to these kinds of scams and unwittingly become a money mule for thieves.
Join Jeff Horncastle, Acting Client and Communications Outreach Officer at Canadian Anti-Fraud Centre to know more on how to protect yourself and your loved ones from falling victim to romantic schemes.
Key Takeaways:
Learn the red flags that may indicate a romance scam to protect you and your loved ones
Learn how criminals may use AI tools to manipulate their potential victims.
Learn who are most vulnerable to online romance scams
Additional Resources:
Romance – Canadian Anti-Fraud Centre
Report Fraud and Cybercrime – Canadian Anti-Fraud Centre
Money Mule Awareness – Canadian Anti-Fraud Centre
The Daily – Self-Reported Fraud in Canada, 2019
Investment – Canadian Anti-Fraud Centre
4 top Scams Currently Making the Rounds – and How to Avoid Them
How to Google Reverse Image Search From iPhone, Android, or Desktop – Business Insider
TinEye – Reverse Image Search
What Are Deepfakes? How to Spot Fake AI Audio and Video – Business Insider
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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode explores the intricate world of cryptocurrency scams, key red flags, and strategies to protect oneself from falling prey to these schemes.
Join our experts Charlie Pettypiece, Senior Investigation Counsel in the Enforcement Branch of the Ontario Securities Commission and Dena Staikos, Manager in the Compliance and Registrant Regulation Branch of the Ontario Securities Commission, to learn more about Identifying warning signs of potential cryptocurrency scams and safe investing practices in the crypto market.
Key Takeaways:
Learn all about digital assets and crypto asset trading platforms to get started on your crypto journey
Learn why cryptocurrencies attract people and why it is crucial these assets are regulated
Learn how to protect yourself when investing into crypto – and what red flags you need to look out for
Additional Resources:
Get Smarter About Crypto
QuadrigaCX – A Review by Staff of the Ontario Securities Commission
Registered Crypto Asset Trading Platforms – OSC
Crypto Trading Platforms Authorized to do Business with Canadians – Canadian Securities Administrators
Red Flags of Crypto Fraud
How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down – The New York Times
FTX Founder Sam Bankman-Fried Convicted of Defrauding Cryptocurrency Customers – CBC News
Crypto Quiz
Crypto Survey
Investing Academy
How to spot & avoid crypto scams
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“The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada or Ontario Securities Commission. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.”

Increased risks of fraud scams leading to money laundering have intensified as we step further into the digital era. As our financial institutions become more digitized, so increases a fraudster’s ability to generate and move illicit funds anonymously and instantaneously.
What is money laundering? How has it evolved? How can it affect you? In this episode, we dive into the complexities of money laundering, exploring its impact on society, businesses, and individuals. We will also discuss governmental measures and initiatives to counteract these challenges and how you can report suspicious financial activities.
Join Terence Karacsony, CPA, CA, CFF, MFAcc Senior Manager in the Valuations, Forensics and Litigation Support practice of the Winnipeg Office of MNP LLP and Sarah Mulhall Director, Regulatory Affairs and Public Interest at CPA Canada, as we discuss the multifaceted landscape of money laundering, its consequences, and the collaborative efforts necessary to address this global issue.
Key Takeaways:
Learn and understand the methods of money laundering and its illicit origins.
Explore how the evolution of technology can be both exploited and used as a preventative tool against money laundering.
Understand the role of financial institutions, businesses and CPAs in detecting, mitigating and preventing money laundering.
Discover how money laundering affects business, society and everyday Canadians.
Understand the importance of reporting suspicious activities and why individuals must report such behaviour.
Resources:
Anti-Money Laundering Resources
Anti-Money Laundering Policy
The CPA’s Role in Fighting Corruption and Money Laundering – Foresight: The CPA Podcast, Season 2, Episode 8
A Governance Framework for Anti-Corruption and Responsible Business
Other:
AML Rules: Why You Need to Know the Meaning of Non-Compliance
Guide to Comply with Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Legislation
Other Financial Literacy Resources
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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.