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Back to Home » May 2012 News » BMO Study: Majority of Canadians Will Be Using Tax Refunds to Pay Off Debt or Invest

BMO Study: Majority of Canadians Will Be Using Tax Refunds to Pay Off Debt or Invest

May 04, 2012

- Three-quarters of Canadians expect to receive a tax refund this year - More than 50 per cent will put their refund toward reducing their household debt or will be investing the money - According to the Canada Revenue Agency, the average total individual tax refund received last year was $1,506

Source URL: http://www.marketwire.com/mw/release.do?id=1652831&sourceType=3
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