Swindling Seniors: The Most Common Scams Targeting Older Adults in Canada

The Nigerian Prince hoax is one of the most infamous scams in history. While it may seem like a relic of the early internet, this con has evolved into sophisticated phishing emails and texts that still trap thousands of Canadians every year.

The premise remains the same: a supposed foreign official or royal family member asks for help moving millions of dollars out of their country. They request safekeeping in the victim’s bank account, but first, the victim must pay a small fee or transfer tax. While many believe they would see through such a ruse, fraudsters are increasingly successful at using high-pressure tactics to rob seniors of their hard-earned savings.

The Reality of Fraud in Canada

According to the Canadian Anti-Fraud Centre (CAFC), reported fraud losses in Canada hit a staggering $638 million in 2024. Seniors (aged 60+) are the primary targets, accounting for over $137.9 million in reported losses last year alone.

Because it is estimated that only 5% to 10% of victims actually report these crimes, the true financial impact on Canadian seniors likely exceeds $12 billion annually. At ComForCare, our mission for patient-centred care includes helping families navigate these external risks to keep their loved ones safe.

What Types of Scams Are Targeting Canadians?

Scammers are constantly pivoting their strategies. Beyond the classic email hoaxes, several prevalent schemes are designed specifically to target older adults:

• The Grandparent Scam (Emergency Scam): A senior receives a frantic call from someone claiming to be a grandchild in trouble. They beg for money via Interac e-Transfer and plead, Don’t tell Mom and Dad. For families utilizing respite care, having a professional caregiver present can serve as a vital second opinion before any money is sent.
• CRA & Government Impersonation: Fraudsters pose as agents from the Canada Revenue Agency (CRA). They threaten immediate arrest for unpaid taxes unless paid in gift cards or cryptocurrency.
• The Bank Investigator Scheme: Scammers call claiming to be from your bank’s fraud department, eventually tricking you into handing over your physical debit card to a courier at your door.
• The Tech Support Trap: A pop-up appears on your computer claiming it has a virus. A fake technician asks for remote access to steal passwords. This is a common risk for isolated seniors who are often more likely to engage with these pop-ups.
• The No-Money Lottery: You receive a message saying you’ve won a major Canadian sweepstakes (like Lotto Max), but you must pay “fees” before the winnings can be released.

What to Do If You’ve Been Targeted

If you or a loved one has been approached by a scammer, do not feel ashamed – these criminals are professionals.

1. Stop Communication: Hang up the phone or delete the email immediately.
2. Verify the Story: Call your family member or your bank directly using a trusted number.
3. Report It: Contact your local police and the Canadian Anti-Fraud Centre (800) 886-4044 

Care and Safety You Can Trust

Older adults can be particularly vulnerable to exploiters when they are isolated or managing cognitive decline. If your loved one is struggling with memory issues, our specialized DementiaWise® program provides trained caregivers who understand how to protect and support those with Alzheimer’s and other forms of dementia.

At ComForCare Home Care Canada, our senior care services provide more than just physical support; they offer a trusted set of eyes and ears in the home to ensure your loved one lives with dignity, independence, and security.

Editor’s note: This article was originally published Jan. 15, 2016. It has been revamped and localized for Canadian accuracy and comprehensiveness in 2026.