Identify theft isn’t as simple as stolen credit cards anymore. In the Information Age, having your identity stolen can lead to false bank accounts, brand new lines of credit being opened in your name, or even fraudulent tax refunds being created and submitted that leave you on the hook with the Canada Revenue Agency. Fortunately, the CRA is aware of the issue, and has published some guidelines to help Canadians protect themselves from fiscal peril. Staying on top of your online and personal details, will help ensure you don’t get left holding the bill.

“The truth is, identity theft is more common today than ever. The taxman recognizes the problem, and so the Canada Revenue Agency (CRA) has published a guide on how to protect yourself.”

Read more: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-the-cras-new-field-guide-on-battling-identity-theft-can-help-you/