Why re-investing your tax refund is the smart option

How should you use your tax refund. Many see it as a windfall - or fun money - and might not realize that the biggest advantage of an RRSP is lost unless the refund is re-invested, Dale Jackson writes for BNNBloomberg.ca.

Many see it as a windfall - or fun money - and might not realize that the biggest advantage of an RRSP is lost unless the refund is re-invested.

RE-INVESTED REFUNDS COMPOUND RRSP SAVINGS

The RRSP is a great retirement saving tool because contributions and the tax savings they generate can grow in investments tax-free over a long period of time