What is considered fraud in Canada?

Fraud in Canada is broadly defined as intentionally deceiving someone to gain a benefit, whether financial or otherwise, or to cause loss to another party. This can include activities such as misrepresentation, identity theft, embezzlement, or falsifying financial documents. In commercial settings, fraud can also encompass insider trading, fraudulent billing, or accounting fraud. The key element of fraud is the intent to deceive or defraud another party.