So you got a tax refund, now what?

05/22/23 • 8 min

No one likes paying taxes, but everyone enjoys a big tax refund. The average Canadian receives just over $2000 as a tax refund, but getting a refund might not always be a good thing. On top of that, many Canadians tend to overspend when they receive their tax refund check.
In this episode, Carissa shares how tax refunds work, explores smart spending options and delves into the idea around why tax refunds may indicate poor financial planning with insights from CIBC resident tax expert Jamie Golombek.
Tax refunds are satisfying, but securing your financial stability would be smarter. So before you get tempted to spend your tax refund, tune into the episode to learn about your options.

Previous Episode

Beyond the 60-40 rule: Rethinking the asset mix for modern investors

The 60-40 portfolio has been a go-to investment strategy for decades. Unfortunately, it encountered a major setback in 2022, with stocks and bonds experiencing substantial losses.

Persistently low interest rates and market unpredictability are complicating today's financial landscape, in turn igniting a debate regarding the relevance of the 60-40 model. In this episode, David Wong, Managing Director and Head of Total Investment Solutions with CIBC Asset Management, shares insights on how to achieve a balance between stability and growth.

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