Identity theft occurs when one party uses the personal details of another party without their knowledge or permission for criminal purposes. Stolen identity may be used to access financial information, online accounts or used to commit fraud against other parties. Fraud is the practice of wrongfully or criminally deceiving others for personal or financial gain.
Identity theft and fraud are serious offences in Canada. Although the sentences for each offence varies depending on the circumstances, you could be imprisoned for up to 5 years if found guilty of identity theft. For fraud convictions, you could be imprisoned for up to 10 years. You may also be required to pay hefty fines if you are convicted of either offence.