This scam promises huge profits if you send your money “offshore” to another country.
A scammer convinces you that you’ll be able to avoid or lower your taxes by sending your money to an offshore holding. Once your money is sent offshore and is in someone else’s control, it may be impossible to track down your money and get it back. If the promised tax savings are fake, you could also end up owing the government money in back taxes, interest and penalties. When you move your money to another country, you are no longer protected by Canadian law. For example, if you use an offshore broker, you are not protected by the Canadian Investor Protection Fund if they go bankrupt. You will not have any recourse in Canadian court.