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Canadians Spend Millions, Maybe Billions

Canadians Spend Millions, Maybe Billions on Scams

Mar 1, 2019 | 12:04 PM

Canadians are being taken to the cleaner by scammers.

The Better Business Bureau says Canadians lost over $121 million in various scams last year, moving up from $95 million in 2017.

Even more shocking is that the bureau says so few victims come forward to report the crime, approximately ten percent, that actual losses could be in the range of $3 billion dollars this year.

“In the past, people believed scammers only targeted seniors, however, the statistics are telling a different story,” says Danielle Primrose, president and CEO of Better Business Bureau (BBB) serving Mainland BC and representative for BBBs across Canada. “Scams are evolving – they are more aggressive, devastating, convincing and there is now a scam for everyone.

Scammers are bolder than ever, which is why we need to keep informed and take proactive steps to protect our information and finances. I cannot stress enough how important it is to report every instance of scams and frauds.”

In the North Okanagan, the Canada Revenue Agency or CRA scam remains at the top of the list.

“Bar none, for the general public the top scam we’ve got is still the CRA scam, so the income tax scam, and we’re also seeing a rise in fake invoices coming from advertising sources,” says  Rachael Zubick of the Vernon Community Safety Office.

Zubick says the invoice scam is targeting Okanagan businesses.

However she provided some hopeful news.

“What I hear about when I’m in the community is more people are asking questions which is better than it has been over the years.”