Income tax season, and what people should do with their returns, is a hot topic on personal finance blogs right now. Most people say you should put your return right back into your investments, such as your RRSPs. While I can safely say that will be my plan next year, I don’t think it’s fair to say people who have debt should be forced into feeling like they should do the same. I’m only one T4 away from filing my taxes for 2012 and, so far, it looks like I’m going to get a decent return. And I don’t think anyone could convince me not to put $2,000+ towards debt repayment, when I’m this close to being debt-free!
Anyway, one of the best (and sometimes worst) parts of writing a blog is having companies reach out to you about promoting their products or services. I say “sometimes worst” because, unfortunately, most of the time these products or services are ones that I would never, ever, ever tell my readers about. (No, I’m not selling my readers on any of your accounts, credit cards or shopping discounts. They are getting their finances in order, thank you very much!) With that being said, the best is when companies not only explain their products to me, but then they give my readers things…for free!
That’s what happened last month, when I wrote a post about the best personal finance software available. In an email I received just a few days later, TurboTax Canada offered me not one but two coupon codes for you all to try and win. After commenting, tweeting and following me on Twitter, I’m excited to say the contest is now over and two people will now get to file their 2012 income taxes online for free. Congratulations Kelly L. and MissAmanda! I’ll send you each an email with your free coupon codes, by the end of the day.
To everyone who entered, thank you for participating in my first contest of 2013! I’m sorry you didn’t win a free coupon code here but if you want to be entered for a chance to win $10,000, go answer some questions in TurboTax Canada’s Tax Trivia Challenge on Facebook! (Now that you could put back into your RRSPs!)
Are you expecting a tax return this year? If so, what are you going to do with it?