It might be tempting to buy a new TV, but your tax refund can be put to better use. There’s no better way to use a tax refund than to reduce or eliminate credit card debt. The higher your income (and therefore your tax bracket) the more money you’ll save. Open an RESP: If none of the above options appeals to you, how about using your tax refund to open a Registered Education Savings Plan (RESP)for a child or grandchild? After reading all this, you may still be tempted to blow your tax refund on something fun – but now you may feel guilty about it.

Source: thestar April 14, 2019 22:30 UTC