MP Dancho Spearheads Study to Stop Scams Targeting Canadians

Canadians are losing billions each year to increasingly sophisticated scams and frauds. Scammers often pose as family members, government officials, or law enforcement, using fear and urgency to pressure victims into sending money or personal information. Many victims lose their life savings and rarely recover the funds.

The problem is growing fast—an estimated $6–$12 billion leaves Canada every year due to scams. While seniors and vulnerable Canadians are most at risk, anyone can be targeted. My office regularly hears from residents who have received fake calls, texts, or online ads, some even using AI-generated videos of public figures to promote bogus investments. My own office has been targeted by scammers pretending to be a Canadian bank.

Other countries are taking stronger action. Australia, for example, brought together government, banks, and digital platforms, reducing scam losses by 39% in the first half of 2025. Meanwhile, Canada continues to see year-over-year increases.

That is why I introduced a motion at the Parliamentary Industry Committee to launch a national study on scams and fraud. The motion received cross party support. We will begin our study in the new year to examine how banks, telecoms, and digital platforms can better protect Canadians and hold scammers accountable.

I will continue pushing for stronger protections and real action to stop these crimes and safeguard Canadians’ hard-earned money.

If you have been a victim of fraud or cybercrime, please contact local law enforcement. In addition, you can also report the matter by phone to the Canadian Anti-Fraud Centre: 1-888-495-8501.