SPENDING YOUR INCOME TAX REFUND!

TAXMAN provides instant refunds for your personal income tax refund when you file your taxes online to the CRA. The tax refund is credited automatically through your debit card or TAXMAN will provide you a personal cheque.

HOW YOU GET YOUR INSTANT REFUND

When you file your annual tax return with TAXMAN you may be entitled to a substantial income tax refund from the CRA due to the amount of taxes have been deducted from your paycheck along with the personal deductions you already receive. (If you have a small business, you would be entitled to claim even more  expense.)  What will you do with hundreds or sometimes thousands of dollars for your instant refund?

PLAN HOW TO SPEND YOUR INSTANT REFUND

Have you considered what you would like to do with your refund from the CRA? It is best to pre-plan how to use your money so that you do not overspend your instant refund on everyday items or too much for personal amusement. What would you like to save for? Is there a special item you have always wanted? What about travelling to a new country or using it for your education?

OPTIONS TO USE YOUR INSTANT TAX REFUND

Save your refund from the CRA for a future purchase or downpayment for something.

Invest some of your cash that you receive back instantly in a TFSA or RRSP.

Use your refund from your tax return to make a payment on your credit card in order to bring down your balance.

Use  your instant refund from your tax return to purchase or make a downpayment on a major item.

TAXMAN can help you with your personal tax return in order to see if you qualify for an instant refund. TAXMAN can submit your completed T1 personsal income tax return online with all of the required schedules and provide you with your refund from CRA directly to your account or with a cheque.