Why Your Tax Refund is Really Not a Refund 🤔

People talk about the refund as though it's like found money and it's this big amazing thing that you get every year. I can't wait till I get my refund. What I think we should be changing the conversation around is, boy, I can't wait till I can reduce my, my tax at source. It's like, you know, wouldn't you rather have net money every single month to with your increasing grocery bill rather than a random refund at the end of the year of tax? Essentially it's like you gave the equivalent of a tax of an interest free loan to the Canadian government because they took too much tax from you is really ultimately what's happening when you get a refund. So the idea of a refund sounds good. It's a word that makes us feel warm and fuzzy inside. But if you really break down what a refund is in the tax game, that means you effectively gave an interest free loan to the government and they had, they took more money from you than necessary for 12 months. You shouldn't be happy about that. That's not a good situation.