Here are 3 more great ways to use your Tax Return:

Missed the first three?  Read them here.  http://www.karencollacutt.com/great-ways-tax-return

4.    Contricontributebute it to your RRSP, TFSA

Always a great choice.  Eventually, we all want the option to retire.  You’ve got to have funds to do it, and the government gives us some great incentives to put that money away.   When you choose to invest into your RRSP, you get the added benefit of an additional return next spring.

5.    Contribute to your RESP

Helping your kids or grandkids pay for post-secondary education is a big goal for many families.  The RESP program is a great way to bump up the money the kids will have for school with the governments’ 20% grant on the first $2500/year, and more based on your family income.  Service Canada – RESPs

mortgage6.    Pay down your mortgage

You can generally make lump sum payments to your mortgage on the anniversary.  If that isn’t in the spring, pop the refund in a savings account and make a note in your calendar to arrange the payment 2-3 weeks in advance of the anniversary.

“Hmmm … gotcha thinking?  Not sure where to start?  Go to www.ScheduleWithKaren.com to book 15-30 minutes with me to talk about what you need and how I can help.”

Read tomorrow’s post for three more great suggestions!

%d bloggers like this: