Almost 20 million Canadians receive a tax refund each year.

If you’re one of those who received, or are about to receive, a refund, you might wonder what to do with the extra cash.

The average refund in Canada hovers around $2,000, and while many people instinctively spend it on travel or shopping, there are some more strategic—and even fun—ways to put that money to work. Here are a few unique ideas to consider:

Start a micro-business or “side hustle”

Have a passion project you've always wanted to explore? Your tax refund could be the seed money to test a small business idea, whether it's selling handmade goods online, starting a tutoring service, or launching a podcast. Use the funds for a basic website, business cards, or initial supplies. Even a modest investment can help you generate income and build something meaningful outside your day job.

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