Making false claims could result in serious consequences. The Canada Revenue Agency (CRA) has uncovered a new scheme involving false claims on personal income tax and benefit returns. Although taxpayers participating in this scheme report their income, they include claims for large business losses from fictitious businesses. These false claims often lead to large refunds. Taxpayers should be aware that making these kinds of false claims is illegal and could result in serious consequences. If you were thinking about participating in such a scheme, don't be fooled! Chances are you will get caught and it's not worth the risk.