Trusted Regina’s Financial experts share a tip on Things to do with your RRSP Refund:

·Put it on your mortgage – lower debt would allow you to fast track your early retirement plan.

·Pay off credit card debt – saves more interest than you can likely make by investing.

·Start a rainy day fund – life has a habit of surprising us.

·Put it in your children’s RESP – receive an extra 20% grant on it (30% in Saskatchewan). That’s a very good return on investment.

·Reinvest it in your RRSP – supercharge your RRSP by getting the deduction for next year.

·Do some essential home maintenance – you have been putting off because of the expense but now you have the cash. Your home is your biggest asset, look after it

·Fed up with your job? – Start an escape fund, plan your own business and this will help fund the start up.

·Donate it to charity – that’s a tax deduction!

·Put in in the TFSA

·Keep it non registered and explore – do something riskier than you usually would with it and learn about investments.

·OR be really naughty and treat yourself…..who says we always have to be sensible. Live a little!

Trusted Regina’s Finance Experts  give them a call to see how they can work for you!