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Statement – The Canada Revenue Agency (CRA) has zero tolerance for fraud

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OTTAWA, ON, Nov. 6, 2024 /CNW/ – Whether it be a threat from external bad actors, or taxpayers willfully submitting fraudulent returns, the CRA is standing on guard.

Protecting taxpayer accounts

In today’s increasingly digital world, safeguarding sensitive information against constantly evolving threats is critical for every organization, including the CRA. The protection of taxpayer information remains one of our highest priorities. Recognizing that even with our robust security controls, we, like many large organizations, are not immune to privacy breaches, and we recognize the worry and frustration this can cause for those affected.

The CRA has a wide array of security measures to protect the personal information of Canadians, and to shutdown would-be fraudsters. That said, bad actors are continually evolving their tactics and so we must be vigilant in adapting to stay one step ahead.

In fact, since 2020, the CRA has implemented numerous security measures, technologies, processes and controls to ensure the security of taxpayer information including multi-factor authentication throughout CRA login services, and proactively revoking user IDs and passwords that may have been obtained by unauthorized third parties through external sources.

We have been successful in protecting hundreds of thousands of fraudulent attempts to gain access to personal and business taxpayer accounts.

When we suspect an account is the target of an external threat actor, we take swift and immediate precautionary measures on the taxpayer’s account such as locking it to prevent transactions, conducting in–depth reviews, and contacting the individuals. The CRA formally notifies the affected individuals and provides credit protection, where warranted, at no cost to them.

Taxpayers who are confirmed victims of identity theft are not held responsible for any money paid out to scammers nor penalties or interest related to fraudulent claims.

The CRA has processes in place to report all material privacy breaches to Treasury Board of Canada Secretariat (TBS) and the Office of the Privacy Commissioner of Canada (OPC).

The CRA is prevented from commenting on taxpayer information obtained from compromised third parties, due to privacy protections found in the Income Tax Act.

Fraudulent tax returns

The vast majority of Canadians are honest, law abiding taxpayers. As such, Canada’s tax system is based on voluntary compliance and self-assessment. Individual taxpayers are responsible for ensuring the information they report on their tax returns is accurate.

Unfortunately, there are those few who believe they are above the rules of society. For that reason, the CRA has strong safeguards in place to catch this small percentage of fraudsters who willfully submit false claims in order to steal funds from the collective purse. Safeguards include automated and manual checks, as well as cooperation with financial institutions, to flag suspicious returns and participants in illegal tax schemes before funds are distributed.

The CRA does not publicly discuss tax schemes utilized by bad actors, to avoid inspiring other would-be fraudsters from following suit.

Taxpayers who claim false expenses, credits or rebates from the government are subject to serious consequences. They are liable not only for corrections to their tax returns and payment of the full amount of tax owing, but also to penalties and interest. They may also face criminal prosecution.

In rare cases where fraudulent funds are paid out, we take every available enforcement action to return the funds to the Crown and hold the offending parties accountable. This includes criminal investigations that could be referred to the RCMP.

Once convicted, tax evaders can face penalties, court fines, and jail time — in addition to having to pay the taxes they tried to evade, plus interest. High-profile enforcement actions are publicized through enforcement notifications.

Contacts

Media Relations
Canada Revenue Agency
613-948-8366
cra-arc.media@cra-arc.gc.ca

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SOURCE Canada Revenue Agency

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Smartee Expands Middle East Presence, Showcases Innovative Clear Aligner Solutions at Riyadh Conferences

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December 26, 2024

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RIYADH, Saudi Arabia, Dec. 26, 2024 /PRNewswire/ — Smartee Denti-Technology, a global leader in clear aligners and digital orthodontic solutions, further strengthened its presence in the Middle East by unveiling its groundbreaking Clear Mandibular Repositioning Technology at three major orthodontic events in Riyadh: the 18th Saudi Orthodontic Society Annual Conference, the 15th World Implant Orthodontic Conference, and the 4th Saudi Orthodontic Clear Aligner Meeting. These events, held from December 12-14, 2024, brought together leading dental professionals from across the globe to explore advancements in orthodontic care. 

Driving Innovation in a Growing Market

With a rising demand for clear aligners in emerging markets, especially the Middle East, Smartee is positioning itself at the forefront of this growth. Social media platforms like Instagram and TikTok are fueling the popularity of clear aligners by educating patients, while demand in Saudi Arabia, one of the region’s largest markets, continues to rise.

“As China-Saudi Arabia collaboration deepens, Chinese brands like Huawei, Xiaomi, and DJI have built strong reputations for quality and innovation in the Saudi market,” said Garie Zhou, Director of the International Business and Development Division at Smartee. “Smartee entered the Middle East in 2021, achieving regulatory certifications and providing localized training to address the unique needs of this region. By aligning with these market trends, we’re empowering orthodontic professionals to deliver superior care to their patients.”

Revolutionizing Complex Orthodontic Cases

At the event, Prof. Gang Shen, Smartee’s Chief Scientist in R&D, delivered a presentation on Smartee Clear Mandibular Repositioning Therapy— a novel approach aiming to address severe Class II jaw discrepancies. Prof. Gang Shen discussed the increasing need for personalized treatment in complex orthodontics cases, emphasizing that one-size-fits-all solutions are no longer sufficient in today’s clinical environment.

“As patient expectations evolve, so must orthodontic technology,” stated Prof. Gang Shen. “Modern patients demand personalized treatments, especially for complex cases. Clear Mandibular Repositioning Therapy equips orthodontists with the tools to address this demand and enhance trust in the treatment process. I invite my colleagues to explore this technology, which fosters open communication and improves patient outcomes.”

Commitment to Collaboration and Growth

Smartee’s participation in the Riyadh conference underscores its commitment to innovation, collaboration, and the global advancement of orthodontic care. Its strategic initiatives in the Middle East reflect Smartee’s dedication to providing world-class solutions and driving the evolution of orthodontic treatments.

For more information about Smartee and its clear aligner solutions, visit www.smarteealigners.com.

About Smartee Denti-Technology

Smartee Denti-Technology is a global leader in clear aligners and digital orthodontic solutions, committed to transforming smiles with innovative technologies. With a focus on patient-centric care, Smartee provides orthodontists worldwide with advanced tools and training to deliver personalized treatments.

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View original content:https://www.prnewswire.co.uk/news-releases/smartee-expands-middle-east-presence-showcases-innovative-clear-aligner-solutions-at-riyadh-conferences-302339199.html

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BEYOND Expo 2025 Launches BEYOND BGlobal Network to Propel Asian Companies into the Global Market

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7 minutes ago

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December 26, 2024

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MACAU, Dec. 26, 2024 /PRNewswire/ — BEYOND Expo, Asia’s largest technology and innovation ecosystem expo, proudly celebrates its fifth anniversary in 2025 with the official launch of the BEYOND BGlobal Network. Designed to meet the growing demand for Asian companies to expand internationally, this groundbreaking initiative offers businesses year-round support, access to strategic networks, and tailored solutions to thrive in global markets.

The Growing Imperative of Going Global

In today’s interconnected and competitive economy, expanding beyond domestic borders has become a necessity for businesses seeking sustained growth. Asian companies, widely recognized for their technological ingenuity and entrepreneurial spirit, face unique hurdles when entering international markets. From mastering localization to navigating global operational challenges, achieving international success requires strategic planning and access to robust networks.

“Globalization is not just about entering new markets; it’s about building meaningful connections that sustain long-term growth while understanding the importance of localization,” said Jason Ho, Co-founder of BEYOND Expo. “The BEYOND BGlobal Network is designed to guide companies through this journey by connecting them with local players and providing unparalleled access to expertise, resources, and opportunities to thrive globally.”

A Milestone Launch at BEYOND Expo 2025

The BEYOND BGlobal Network will be officially unveiled during the Closing Ceremony of BEYOND Expo 2025, scheduled for May 24, 2025, at the Venetian Macao Cotai Expo. The Closing Ceremony will also host the much-anticipated Fund at First Pitch: Celebrity Edition, where top innovative companies will pitch their global visions to a panel of celebrity athletes and leading investors. This exciting showcase underscores the Network’s mission to foster impactful collaborations and create opportunities for cutting-edge businesses to excel on the global stage.

Unmatched Opportunities for Businesses

The BEYOND BGlobal Network is a comprehensive initiative designed to address the multifaceted challenges of global expansion. Through BEYOND Expo’s extensive network, businesses gain access to key decision-makers across sectors, including leading retailers, e-commerce Networks, financial institutions, localization experts, and tech ecosystem leaders. Moreover, the Network enables collaborations with global icons and influencers, elevating brand visibility and engagement in international markets.

BEYOND Expo 2025 will provide a rich array of content through its flagship forums, such as the BGlobal Summit, Wealth Summit, and Global Investment Summit. These summits and forums will deliver actionable insights on topics such as strategic market entry, emerging investment trends, and the evolving dynamics of international trade. Industry-specific sessions will focus on cutting-edge areas such as AI, HealthTech, Clean Energy, Robotics, Lifestyle Tech, SportsTech, FinTech, and Mobility, ensuring a comprehensive exploration of global opportunities across diverse sectors.

Five Years of Bridging Asia’s Tech Ecosystem and the World

Since its inception, BEYOND Expo has emerged as a vital Network for connecting Asia’s thriving tech ecosystem with the global innovation community. Now in its fifth year, BEYOND Expo is set to welcome over 30,000 attendees from more than 120 countries, marking its most impactful edition yet. The event continues to foster innovation, encourage cross-border collaborations, and empower businesses to establish themselves as global leaders.

“The BEYOND BGlobal Network reflects our unwavering commitment to enabling companies to achieve sustainable growth on the global stage,” said Dr. Gang Lu, Co-founder of BEYOND Expo. “As we celebrate five years of impact and growth, we are excited to take this transformative step in bridging Asia with the world.”

Looking Ahead

BEYOND Expo 2025 is more than a technology exhibition — it is a launchpad for businesses to achieve their global ambitions. The introduction of the BEYOND BGlobal Network, alongside the exciting highlights of the Closing Ceremony, will provide attendees with exclusive insights into how this initiative can redefine their approach to international growth and success.

To learn more about the BEYOND BGlobal Network, please leave your details with us here: https://www.beyondexpo.com/beyond-bglobal-network/. For ticket bookings or more information about BEYOND Expo 2025, visit www.beyondexpo.com.

About BEYOND Expo

The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia’s largest tech and innovation ecosystem expo, showcasing the culture and achievements of global technological innovation.

BEYOND Expo is not only a Network for displaying technological advancements but also a significant opportunity to drive industry upgrades. Through dedicated professional exhibition areas and vertical industry forums, BEYOND Expo is committed to fostering comprehensive development in technology and innovation while facilitating exchanges across various segments of the industry.

Since 2021, BEYOND Expo has attracted participation from Asia’s Fortune 500 companies, large multinational corporations, unicorn innovation firms, and emerging startups. By integrating companies, products, capital, and industries, it builds an innovative ecosystem aimed at collectively advancing the development of the Asia-Pacific region and the global technology innovation industry.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/beyond-expo-2025-launches-beyond-bglobal-network-to-propel-asian-companies-into-the-global-market-302339200.html

SOURCE Beyond EXPO

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TPIsoftware Launches GreenSwift in Vietnam with Pilot Project Initiated to Drive ESG Transformation

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December 26, 2024

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — TPIsoftware (TWSE: 7781) and Vietnam’s key partners have signed an MOU to deepen collaboration in promoting a more sustainable, decarbonized future. The signing took place in Hanoi, Vietnam, on December 26, along with the product launch of GreenSwift, an AI-driven carbon management platform by TPIsoftware.

Led by TPIsoftware and Global Green Innovation Technology (GGI., Technology), a leading environmental consultancy offering specialized advice for GHG and ESG projects, the event convened government officials, the private sector and ESG experts in Vietnam, with Dr. Nguyen Kim Anh, Katina Capital Partners, ITD Group, Bao Long Insurance and ThinkTron Ltd signing the MOU.

The event culminated with a live demonstration of GreenSwift during which participants were presented with the platform’s key features such as automated carbon data collection that tracks seven GHG emissions covering Scope 1, 2 and 3 through a centralized platform, and linking multiple indicators using a cloud-based approach that improves carbon auditing efficiency.

GreenSwift is a SaaS-based carbon management platform with professional ESG consulting service and local support that equip enterprises for carbon disclosure and it is ideal for small and midsize businesses (SMBs) who seek to prioritize ESG initiatives. The platform features GHG reporting that complies with global frameworks (ISO 14064-1:2018 and IPCC) and meets regulatory compliance. GreenSwift enables eco-conscious enterprises to work towards net zero by aligning themselves with ESG values and best practices, elevating their brand image through long-term sustainability investment and strategic ESG initiatives.

Do Vuong Phong, TPIsoftware Vietnam’s General Manager, said: “We have been dedicated to helping enterprises navigate the challenges in their green transformation journey. With the Vietnamese government promoting ESG standards and sustainable business practices, launching GreenSwift not only enables enterprises in Vietnam to manage and measure their environmental impact, but also reaffirms our commitment to working with ESG-focused partners to build a greener future for Vietnam.”

The MOU signing followed TPIsoftware’s recent announcement of a pilot project to implement GreenSwift and ElectriSwift (AI Building Energy Conservation System) at Nam Cau Kien Eco-Industrial Park. Pham Hong Diep, Chairman of the industrial park, commented: “Building a partnership with TPIsoftware signifies our commitment to collaboratively develop and advance sustainability initiatives in climate action through tech-based approaches and solutions. This joint endeavor shows the shared vision of both parties towards leveraging cutting-edge technology to enhance energy efficiency and promote eco-friendly industrial practices in Vietnam.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tpisoftware-launches-greenswift-in-vietnam-with-pilot-project-initiated-to-drive-esg-transformation-302339093.html

SOURCE TPIsoftware

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