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| Title | Discover the best way to leverage your tax refund this year |
| Link Description | A tax refund can bring a welcome influx of cash. From saving and growing your refund, to using it to pay down debt, when it comes to deciding how to leverage your tax refund be sure to consider your goals, life stage, and connecting with a CWB expert to... |
| Link Url | https://www.cwbank.com/en/blog/how-to-leverage-your-tax-refund |
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| Page Name | Canadian Western Bank |
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| Body | Whether you have already filed your taxes or not, you might catch yourself thinking, “Is it better to put my tax refund towards paying off debt or grow it through an investment?” <br /> <br /> Your situation is unique. Identifying the best way to leverage your refund starts with evaluating your current investments and any debt you carry. <br /> <br /> It’s important to have a sense of the interest you could potentially make from an investment. It’s just as important to know how much interest you might be paying on your debts. The goal is to earn more interest than what you’re paying out, especially in today’s higher-rate environment. <br /> <br /> For example, if you have high-interest debt like a credit card or a line of credit, that might be a better place to apply the extra cash you’ll get back. On the other hand, if you have low-interest debts and loans, investing the money could be a better option.<br /> <br /> Learn more about finding the best way to leverage your tax refund in our article here: <a href="https://l.facebook.com/l.php?u=https%3A%2F%2Fbit.ly%2F3vFzhBJ&h=AT0H8ujDsjhR3IL_LbKCPD1my177fb-6Jx8REBFuSVk-5lKUB0HeFg7nWrWLl42BSpzOgljMj-_Djr3QkzeHbTI_QR9JpGF2EEeQJ0taB0SrnEnYwlnD-54XHQXA2zhT-zTqBWHQyK4F8Yyhg36vIIE90cWaVz8u0JFeBg" rel="nofollow noreferrer" target="_blank" data-lynx-mode="asynclazy">https://bit.ly/3vFzhBJ</a> <br /> #TaxRefund #PersonalFinances #BusinessFinances |
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