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Getting a tax refund is a sweet perk of filing your income tax return—and the good news is that most Canadians get one. In 2021, 58% of Canadian tax filers received a refund averaging almost $2,100.
As of March 25, 2024, the Canada Revenue Agency (CRA) has processed almost 9.2 million returns and has paid out over 5.5 million refunds averaging $2,137.
If you receive a refund, it can be tempting to spend the money on something “fun.” While that is one option, we’ve come up with 10 suggestions to spend your tax refund in ways that could be more…
