Il est tentant de se faire plaisir en dépensant son remboursement d’impôt, mais il est possible d’utiliser cet argent à meilleur escient afin d’en faire bénéficier ses finances à long terme. Kim Parlee de Gestion de patrimoine TD nous explique.
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One of the best signs of spring is getting a little envelope with a big check with your tax refund, or seeing a nice credit pop up on your online bank statement.
So why not treat yourself?
Buy that new TV or book that vacation, right?
Well, not so fast.
Splurging may feel good now, but remember, this is not a windfall.
It's your hard earned money you overpaid in taxes last year.
So if you'd rather see this money grow instead of spending it, here are some ideas to put your tax refund to work.
If you have credit card debt, pay it down.
Get a head start on next year's contribution in RSP or TFSA and let compound interest work its magic.
And if you own a home, make an extra mortgage payment.
You might think making an extra payment once makes only a tiny dent in your mortgage, but paying down your mortgage with your tax refund every single year could make a huge difference over time.
So why not treat yourself?
Buy that new TV or book that vacation, right?
Well, not so fast.
Splurging may feel good now, but remember, this is not a windfall.
It's your hard earned money you overpaid in taxes last year.
So if you'd rather see this money grow instead of spending it, here are some ideas to put your tax refund to work.
If you have credit card debt, pay it down.
Get a head start on next year's contribution in RSP or TFSA and let compound interest work its magic.
And if you own a home, make an extra mortgage payment.
You might think making an extra payment once makes only a tiny dent in your mortgage, but paying down your mortgage with your tax refund every single year could make a huge difference over time.