Know all about GST Tax Refund Scam in Canada and to safeguard yourself from Tax Refund Scam in Canada. In this article, we will disclose all GST Tax Refund scams in Canada that are taking place. Also, we have provided precise information on how to safeguard yourself from these types of scams. A few tips have been mentioned in our article to learn more.
GST Tax Refund Scam in Canada
GST Tax Refund Scam in Canada is on boom nowadays. Canadian citizens are being targeted by scammers claiming that CRA is sending them tax returns and to claim the amount they are asking them for their pieces of information like name, account number, and OTP to fill up in the forms received by them through mail or via text message.
Every taxpayer in Canada should be aware of the scams that are taking place in the nation to avoid being their prey. Scammers may call taxpayers pretending that they are from CRA and then may ask for information like Social Security Number, Credit Card Number, or any personal information related to the bank. The citizens must not share their critical information with any invalid individual.
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How a GST Scam is Performed?
In some cases, the scammer will provide you with an unauthorized website where you will be asked to fill out all the credentials including personal information. And boom now you became their victim.
In short, less knowledge of the goods and services tax can lead to losses. Steer clear of the scammers by the guides that we have provided in our article.
GST/HST Tax In Canada
GST is typically included in the goods and services. Currently, the GST rate in Canada is 5 %. The HST varies by province and is 13% in Ontario. If the products are supplied outside Canada then the GST and HST rate may change and depends on the export/import.
Goods and Service Tax, and Harmonized Service Tax can be easily calculated from the GST/HST calculator. The calculator mainly requires two pieces of information the the place of supply and another type of supply. Certain goods and Services in Canada are zero-rated and do not require any GST/ HST for their final pricing. GST Tax Refund Scam in Canada are boosting rapidly with time.
Various Scamming Modes In GST Tax Refund
Canada is known for its unsafe demographical location as the people experience fraud and robbery more as compared to other nations. Scammers can reach out to the taxpayers majorly by these two modes listed below:
Scams through Call: If any individual gets a phone call saying that they are CRA officials just be cautious. It is okay if they are aware of you regarding fraud but if they are asking an individual to pay the amount or asking for other personal information and being violent. Immediately call the police.
Scams through emails: Not under any circumstances CRN will ask individuals to fill out personal information via the link provided by them regarding GST refund. All this can be done only via the official website not with links provided by any.
There is no limit for the scammers, they can plan out bigger scams than we have discussed here. The main motive is that the citizens must be aware of such corruption.
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How to Be Safe From Tax Refund Scam in Canada?
We have mentioned some points in our article to avoid falling into the trap made by the scammers. Follow our simple guidance for the same.
- Immediately call the police if you doubt that you have been tricked by the scammers.
- The taxpayers can ask for supplement security from the CRA that will help secure all your data with two-step authentication.
- Remember that CRA will never threaten any individual for money.
- Avoid meeting up at public places to make hand-to-hand payments.
- Make payment only through CRA’s payment mode.
If any taxpayer receives any kind of text, mail, or call. They are kindly requested to inform the CRA officials. They can even call them on 1800 959 8281 to enquire about any related queries or to register any complaint. This article was designed to help Canadian Taxpayers who are scammed nowadays. Hope that we have covered all points in this article.