10 Ways to Spend Your Canadian Tax Return

Is your Canadian tax return burning hot in your pocket? Need ideas on how to put your hard-earned award to good use? The great news is that you live in Canada, or are looking to immigrate to Canada, so that means your options are almost as endless as our coastline. To help you out, we’ve curated a list of things to do or purchase that will appeal to every type of person!

Whether your tax return is envious-worthy or modest, here are 10 awesome ways for you to make the most of your tax return in Canada. Happy spending!

10. Zipline Over Niagara Falls

Zipline across Niagara Falls

Treat yourself to the best view of the majestic Niagara Falls with a breathtaking ride into the gorge, towards the base of the Canadian Horseshoe Falls. For only $60 you’ll get to soar at 670 meters and take in picture-perfect views. There are hidden cameras that take snapshots of you in action, so remember to smile at all times! You can purchase the pictures afterward to keep as sweet reminders of this awesome experience.

Google Review: “This was so much fun! I was apprehensive at first but by the time we left the gate, I was ecstatic and wanted to go again!! Amazing ride” - Heather Lappan

9. 5-Star Dining Experience

5-star meal

Now that you have the extra cash, why not make a reservation at that restaurant you usually avoid? You know the one with the posh interior and serene atmosphere with waiters in suits? We can guarantee that your taste buds will approve! It’s not every day that you get to experience bold, experimental, and imaginative dishes prepared by the top chef in your city. A special fine-dining date night is the perfect way to lay-on the romance for those with partners. Cheers!

Popular Fine Dining Restaurants in Canada
Restaurant & LocationChef
Bar Isabel in TorontoGrant van Gameren
Nora Gray in MontrealEmma Cardarelli
AnnaLena in VancouverMichael Robbins
The Beach Pea in Nova ScotiaTeam of Chefs
Hearth in SaskatoonMarco Canora

8. Make Your House a Home

Kitchen interior

We’ve all been spending a lot more time at home (and on Pinterest) since lockdown. Extra time at home plus your tax return is the perfect combination to create your ideal living space. You can finally get to that DIY project you’ve been putting off or paint your room duck egg blue.

Not one for DIY renovations? Spoil yourself with a good, quality non-stick pan or faux-fur blanket that’s perfect for the freezing, Canadian winters. Take a look around your home. What do you need to complete a room or an aesthetic corner? Think of an artsy knick-knack, coffee table book, or a new rug and yes, you can even buy another plant, Millennial. We heard Monsteras are trending right now.

7. Go Camping!

Camping trip

Nothing soothes the soul and clears the mind quite like spending quality time in nature. No electricity, no internet, and no traffic. Just basic living with sounds of birds chirping and the tranquil flow of the lake. Luckily if you live in Canada you should have no problem finding a good camping spot in one of the thousands of beautiful, scenic parks in and around your city.

St Lawrence Park in Ontario allows you to reserve a spot to pitch your tent, stay out under the stars and roast marshmallows. Plus, with the St. Lawrence River nearby you can enjoy everything from swimming, canoeing to scuba diving. You won’t regret spending your Canadian tax return on this bucket list experience!

6. Invest in Good Quality Snow Boots

Canada snow boots

It’s no secret that Canada gets cold in the winter and some cities experience heavy snowfall. If you’re a newcomer to Canada, you’ll want to invest in a good pair of snow boots that will keep your feet warm and dry and get you through many freezing winters.

The Caribou boot design is a one-of-a-kind look that has been a fan favorite among Canadians for decades. You can find this signature, eye-pleasing boot at Sorel, one of the most trusted and recognizable boot brands in Canada. Other great boot brands to look at are the following:

  • Kamik
  • Pajar
  • La Canadienne
  • Cougar

5. Try Skiing or Snowboarding

Skiing in Canada

Take a long weekend escape to a ski resort to try your hand at quintessential Canadian winter sports. You don’t have to be a seasoned pro to have a blast on the slopes! Once you’ve gotten the hang of it, you’ll be hurling yourself down the mountain with the fresh air in your hair and cool action-packed pictures to share on the Gram.

Skiing and snowboarding can be a bit pricey but your tax return should help to lighten the expenses. The good news is that Canada’s major cities are all within an hour or two of some of the finest ski resorts that tourists come from afar to visit. Whistler Ski Resort is one of the most popular resorts in Canada. Take a look at their 2021 price list below.

Whistler Ski Resort
Ticket TypePrice for Unrestricted Access (Adults)
1 Day Pass$139
2 Day Pass$270
3 Day Pass$393
4 Day Pass$509
5 Day Pass$618

4. Pamper Yourself

Man getting a massage

Pent-up stress from work, sitting in traffic, and even filing for your tax return to begin with can lead to tension that can be worked out with a heavenly massage or you can pull out all the spots and go to a spa for the day. Canada is notorious for having some of the most luxurious spas that are nestled in picturesque spots like the Northern Lights Resort where you can follow up your massage with the greatest light show in the world!

Here is a list of the top spas to consider in Canada:

  • Ste. Anne’s Spa in Ontario
  • The Ancient Cedars Spa in British Columbia
  • Fox Harb’r Resort & Spa, Nova Scotia
  • Northern Lights Resort and Spa, Yukon
  • Spa Eastman, Quebec
  • Thermea by Nordik Spa-Nature, Manitoba

3. Fund Your Hobby or Take Up a New Hobby

Man playing golf

A great way to spend your Canadian tax return is on something you truly enjoy doing. Investing in your passion is a guaranteed guilt-free pleasure! Whether you’re an avid golf player or love to read, we all have a hobby of some sort. Buy yourself a new golf club or that new novel from your favorite author.

Or better yet, take up an entirely new hobby. What have you been dying to try? Yoga? Growing your own veggies? Dancing lessons? Consider spending your money on something that meets your interests.

2. Be a Local Tourist


Put your tax return to good use by planning a local getaway!

If you don’t know already, we’ll say it again: Canada is huge! No matter how long you’ve been living here, there are provinces, cities, and places you are yet to explore. Canada is a proudly multicultural nation which means that you don’t have to travel far to experience different parts of the world.

If it’s European architecture you’re after simply visit the French-speaking province of Quebec. Or you can immerse yourself in Asian culture by taking a trip to Richmond in British Columbia that has a 74% Asian population! The city has exclusive Asian companies and activities plus all the delicious Asian food you can think of to try. Canada is so big and diverse, it’ll take you forever and a day to explore each and every province and its hidden treasures. So, where’s your first stop?

1. Save it For Something Special


It might be tempting to splurge your Canadian tax return right away but if nothing particularly tickles your fancy or you may even have bigger goals, like buying a home in Canada, then you may want to consider putting your tax return away in a savings account where it can accumulate interest. Continue to put away a small sum of money each month until you’ve reached your goal!

Work in Canada, Spend Your Tax Returns

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