Common scams newcomers to Canada should know about

When newcomers move to Canada, it usually takes them a few months to settle in and figure out the local way of life. Many are unaware of standard government processes or authentic ways of sharing their banking or personal information with organizations, making them easy targets for various frauds and scams. Statistics from the Canadian Anti-Fraud Centre indicate that in the first half of 2023 alone, $283.5 million CAD was lost to fraud and over 21,200 people were scammed.
In this video, we cover:
Phishing emails and phone calls
People posing as Government of Canada staff
Job offer or employment scams
Housing scams
How to report scams or fraud in Canada
For more information on common scams that might target newcomers in Canada, visit 👉 bit.ly/3RhQR6T
Looking for more FREE resources on effectively managing your finances in Canada:
➡️Banking and Budgeting Guide for Newcomers to Canada: bit.ly/47U9Tpq
➡️Book an appointment with an RBC Newcomer Advisor: bit.ly/3RjdRSR
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Things our lawyers want you to know….
This content offers general information only and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or its affiliates.