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Thread: Income tax refund, what did you do with yours?

  1. #1
    Coupon Queen jayne_a's Avatar
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    Just curious to see what everyone did with their refunds this year. DH and I bought a new tv, a used car and payed bills.
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    Smart Canuck
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    It's all going on my student loan, I want it paid off before baby gets here in September.

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    Admin
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    We don't really get a refund, were lucky to break even.

    Haven't filed yet though lol!

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    Ilovecoupons!
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    Extra payment to the mortgage Gotta pay that sucker off as soon as possible!
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    Financial Advisor ashedfc's Avatar
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    Pay the high interest debt (if you have any, like credit card, line of credit, etc..)

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    Boo Radley Conspirator roseofblack25's Avatar
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    I haven't gotten mine back yet but I am more than likely saving it for either tuition or to furnish a place if I get enough back LOL!

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    Hooked! slayer_glade's Avatar
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    I used what I got so far for debt. The rest that's coming, no idea yet lol

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    Financial Advisor ashedfc's Avatar
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    Not getting a refund is technically a good thing, you haven't paid more than what you should have.
    For those getting a refund have (in reality) given extra money to CRA they are returning your money back to you interest free..

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    Canadian Guru
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    We haven't done our taxes yet, that's a project for this weekend, but we generally do get a decent refund. In past years we've done a project for the household - new oil tank, new roof, new deck, etc. We don't have any debt except our house, and pay more than we need to on that already so we don't make extra payments there.

    This year, life is a bit more uncertain. We might tuck that cash away for awhile.

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    Canadian Guru macw1960's Avatar
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    Quote Originally Posted by ashedfc View Post
    Not getting a refund is technically a good thing, you haven't paid more than what you should have.
    For those getting a refund have (in reality) given extra money to CRA they are returning your money back to you interest free..
    That is the reason I don't like getting a refund...I owe them $5.98 for the whole year.





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  11. #11
    Canadian Genius xox2010's Avatar
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    I got back $30 It's long gone - just spent it on junk - makeup, food, clothes

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    Hooked! slayer_glade's Avatar
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    Quote Originally Posted by ashedfc View Post
    Not getting a refund is technically a good thing, you haven't paid more than what you should have.
    For those getting a refund have (in reality) given extra money to CRA they are returning your money back to you interest free..

    If it weren't for dental bills, I'd be owing. So not really true in my case, lol.

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    Canadian Genius Insane's Avatar
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    We will be going to visit family to show off the new baby (when he decides to actually show up!!)
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    Frosh Canuck
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    stash it for an emergency fund

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    Senior Canuck
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    We pay our property taxes with our refund.

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