Forty per cent of Canadians rely on their tax refund to help with debt
What was once felt as a nice annual financial boost, tax refunds are now going straight towards paying off bills.
Over a third of Canadians now rely on their tax refund just to make ends meet amid an economy of rising living costs and inflation, according to a new study from software firm TurboTax.
What was once felt as a small financial boost early in the year, tax refunds are now going towards paying off bills and chipping away at debt for 40 per cent of Canadians.
