{"id":5712,"date":"2022-04-19T08:30:35","date_gmt":"2022-04-19T12:30:35","guid":{"rendered":"https:\/\/www.batirente.com\/?p=5712"},"modified":"2022-04-22T11:54:49","modified_gmt":"2022-04-22T15:54:49","slug":"reinvesting-your-tax-refund-really-pays-off","status":"publish","type":"post","link":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/","title":{"rendered":"Reinvesting your tax refund really pays off!"},"content":{"rendered":"<p>Are you receiving a tax refund this year? There are several advantages to reinvesting that money. Of course, you could use it to treat yourself or your family but consider how contributing the tax refund to your TFSA or your RRSP could work for you.<\/p>\n<p><strong>Speed up your projects<\/strong><br \/>\nA <a href=\"https:\/\/www.batirente.com\/en\/members\/i-contribute\/my-project\/\" target=\"_blank\" rel=\"noopener\">TFSA<\/a> is a great option if you are looking to save for a short- or medium-term project, such as renovations or a major purchase. When you invest money in your TFSA and place it in a B\u00e2tirente fund that suits your risk tolerance, you will also grow your investment.<\/p>\n<p>With a TFSA, you can also start or increase your emergency fund to help you handle unexpected circumstances. The best practice is to save the equivalent of 3 to 6 months of your usual expenses.<\/p>\n<p>Contributing to a TFSA also gives you great flexibility:<\/p>\n<ul>\n<li>Your investment earnings are tax-sheltered.<\/li>\n<li>Your withdrawals are tax-free.<\/li>\n<li>Your money is available at any time.<\/li>\n<\/ul>\n<p><strong>Reach your retirement or savings goals faster<\/strong><br \/>\nBy contributing part of your tax refund to your <a href=\"https:\/\/www.batirente.com\/en\/members\/i-contribute\/my-retirement\/\" target=\"_blank\" rel=\"noopener\">RRSP<\/a>, you will receive another tax refund next year. In other words, your contribution reduces your taxable income, which increases the likelihood of receiving a refund next year, which you can then reinvest in your RRSP when you receive it, and so on.<\/p>\n<p>Plus, you will reach your retirement goals faster by increasing your RRSP contributions. You can also use your unused contribution room from previous tax years. In fact, the earlier in the year you invest, the more you benefit from the growth provided by the performance of the B\u00e2tirente fund(s) that you are invested in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you receiving a tax refund this year? There are several advantages to reinvesting that money. Of course, you could use it to treat yourself or your family but consider how contributing the tax refund to your TFSA or your RRSP could work for you.<\/p>\n","protected":false},"author":3,"featured_media":2544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[40,31,32],"class_list":["post-5712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-goals","tag-plan","tag-rrsp","tag-tfsa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reinvesting your tax refund really pays off! - B\u00e2tirente<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reinvesting your tax refund really pays off! - B\u00e2tirente\" \/>\n<meta property=\"og:description\" content=\"Are you receiving a tax refund this year? There are several advantages to reinvesting that money. Of course, you could use it to treat yourself or your family but consider how contributing the tax refund to your TFSA or your RRSP could work for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/\" \/>\n<meta property=\"og:site_name\" content=\"B\u00e2tirente\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/batirente\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-19T12:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-22T15:54:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"263\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyne Clermont\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Batirente\" \/>\n<meta name=\"twitter:site\" content=\"@Batirente\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evelyne Clermont\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/\"},\"author\":{\"name\":\"Evelyne Clermont\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#\\\/schema\\\/person\\\/66c0d10676e27280fc75c5e5282d9c8f\"},\"headline\":\"Reinvesting your tax refund really pays off!\",\"datePublished\":\"2022-04-19T12:30:35+00:00\",\"dateModified\":\"2022-04-22T15:54:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/\"},\"wordCount\":280,\"publisher\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Revue-financiere.png\",\"keywords\":[\"Plan\",\"RRSP\",\"TFSA\"],\"articleSection\":[\"Your goals\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/\",\"url\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/\",\"name\":\"Reinvesting your tax refund really pays off! - B\u00e2tirente\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Revue-financiere.png\",\"datePublished\":\"2022-04-19T12:30:35+00:00\",\"dateModified\":\"2022-04-22T15:54:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Revue-financiere.png\",\"contentUrl\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Revue-financiere.png\",\"width\":500,\"height\":263},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/reinvesting-your-tax-refund-really-pays-off\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.batirente.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reinvesting your tax refund really pays off!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#website\",\"url\":\"https:\\\/\\\/www.batirente.com\\\/\",\"name\":\"B\u00e2tirente\",\"description\":\"Ma retraite. Notre force.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.batirente.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#organization\",\"name\":\"B\u00e2tirente\",\"url\":\"https:\\\/\\\/www.batirente.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/2017-logo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.batirente.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/2017-logo.jpg\",\"width\":750,\"height\":450,\"caption\":\"B\u00e2tirente\"},\"image\":{\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/batirente\\\/\",\"https:\\\/\\\/x.com\\\/Batirente\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/batirente\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.batirente.com\\\/#\\\/schema\\\/person\\\/66c0d10676e27280fc75c5e5282d9c8f\",\"name\":\"Evelyne Clermont\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reinvesting your tax refund really pays off! - B\u00e2tirente","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/","og_locale":"en_US","og_type":"article","og_title":"Reinvesting your tax refund really pays off! - B\u00e2tirente","og_description":"Are you receiving a tax refund this year? There are several advantages to reinvesting that money. Of course, you could use it to treat yourself or your family but consider how contributing the tax refund to your TFSA or your RRSP could work for you.","og_url":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/","og_site_name":"B\u00e2tirente","article_publisher":"https:\/\/www.facebook.com\/batirente\/","article_published_time":"2022-04-19T12:30:35+00:00","article_modified_time":"2022-04-22T15:54:49+00:00","og_image":[{"width":500,"height":263,"url":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png","type":"image\/png"}],"author":"Evelyne Clermont","twitter_card":"summary_large_image","twitter_creator":"@Batirente","twitter_site":"@Batirente","twitter_misc":{"Written by":"Evelyne Clermont","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#article","isPartOf":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/"},"author":{"name":"Evelyne Clermont","@id":"https:\/\/www.batirente.com\/#\/schema\/person\/66c0d10676e27280fc75c5e5282d9c8f"},"headline":"Reinvesting your tax refund really pays off!","datePublished":"2022-04-19T12:30:35+00:00","dateModified":"2022-04-22T15:54:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/"},"wordCount":280,"publisher":{"@id":"https:\/\/www.batirente.com\/#organization"},"image":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#primaryimage"},"thumbnailUrl":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png","keywords":["Plan","RRSP","TFSA"],"articleSection":["Your goals"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/","url":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/","name":"Reinvesting your tax refund really pays off! - B\u00e2tirente","isPartOf":{"@id":"https:\/\/www.batirente.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#primaryimage"},"image":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#primaryimage"},"thumbnailUrl":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png","datePublished":"2022-04-19T12:30:35+00:00","dateModified":"2022-04-22T15:54:49+00:00","breadcrumb":{"@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#primaryimage","url":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png","contentUrl":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/06\/Revue-financiere.png","width":500,"height":263},{"@type":"BreadcrumbList","@id":"https:\/\/www.batirente.com\/en\/reinvesting-your-tax-refund-really-pays-off\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.batirente.com\/en\/"},{"@type":"ListItem","position":2,"name":"Reinvesting your tax refund really pays off!"}]},{"@type":"WebSite","@id":"https:\/\/www.batirente.com\/#website","url":"https:\/\/www.batirente.com\/","name":"B\u00e2tirente","description":"Ma retraite. Notre force.","publisher":{"@id":"https:\/\/www.batirente.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.batirente.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.batirente.com\/#organization","name":"B\u00e2tirente","url":"https:\/\/www.batirente.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.batirente.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/01\/2017-logo.jpg","contentUrl":"https:\/\/www.batirente.com\/wp-content\/uploads\/2019\/01\/2017-logo.jpg","width":750,"height":450,"caption":"B\u00e2tirente"},"image":{"@id":"https:\/\/www.batirente.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/batirente\/","https:\/\/x.com\/Batirente","https:\/\/www.linkedin.com\/company\/batirente"]},{"@type":"Person","@id":"https:\/\/www.batirente.com\/#\/schema\/person\/66c0d10676e27280fc75c5e5282d9c8f","name":"Evelyne Clermont"}]}},"_links":{"self":[{"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/posts\/5712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/comments?post=5712"}],"version-history":[{"count":0,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/posts\/5712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/media\/2544"}],"wp:attachment":[{"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/media?parent=5712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/categories?post=5712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.batirente.com\/en\/wp-json\/wp\/v2\/tags?post=5712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}