Why Getting A Tax Refund Is Worse This Year, And How To Prevent It

A tax refund is never something to be excited about from a financial perspective. And learning that you’re expecting a tax refund this year is worse than usual. A refund means that the Canada Revenue Agency (CRA) is returning the tax that you over-paid. You effectively lent this money to them, interest-free, for up to 16 months. And now they’re giving it back—with less purchasing power. Why Does This Happen?  Refunds are the result of you paying more tax...