ATB Financial Partner Life

Tips to Make The Most of Tax Time

Tips for Tax Time - Tax Returns - ATB Financial

Tax time always feels like a financially stressing time of year, but I’ve been thinking—why?

In fact, why does saving, investing, budgeting—any of those financial actions (regardless of whether it’s time to do your taxes or not) need to be stressful?

As part of my ongoing (sponsored) partnership with my friends at ATB Financial and ATB Prosper, I’ve been thinking a lot more about what I (and Albertans) can do to take the stress out of finances, at any time of year but especially during tax season.

The ultimate goal of my ATB partnership is to educate and inspire you to make financial decisions that will get you closer to your dreams—whatever they may be.

Mike and I dream of starting a family. For us, that means we’ll need money to finance costly fertility treatments.

We also have dreams of traveling.

Mike and Linda - Traveling Dreams - ATB Financial
Mike and I LOVE to travel! Here’s just a few photos of our adventures—from Disney to Banff, Niagara Falls to Venice Beach!

Traveling as often as we can, traveling as we continue to get older, traveling without worrying about our finances—ultimately ensuring we have the money to experience what the world has to offer at whatever stage of life we’re at. When we save or invest, we’re usually putting money away for some serious travels and to do that for the rest of our life without stressing about money is definitely a dream. 

Below are just a few small steps we’re taking this tax season to get us financially closer to achieving these dreams.

I hope you’ll do the same!

Tips to Make the Most of Tax Time

Tax Time - Tax Season Tips - ATB Financial
Pin + share my blog post Tips to Make the Most of Tax Time!

1. Use a tax refund to pay down your debt

It can be easy to get excited about a tax refund and go splurge, but a better (albeit less exciting, but far more useful) use of the refund is to pay down debt. Canada Revenue Agency says Canadians receive an average refund of amount of $1,768 each year. That can make a big dent in your debt. According to Michelle Seymour with ATB Investor Services, if using your refund to pay down debt, you should focus first on paying down high-interest debt like a credit card. When Mike and I get our tax refund this year (hopefully lol), we’ll be using (most of) it to pay down debt (depending on how much we get back!)

2. Set up a pre-authorized contribution (PAC) 

Many people tend to make lump-sum RRSP contributions right before the deadline (March 1, 2019 for the 2018 tax year) or you may use some or all of your tax refund to make a one-time contribution, but it’s actually better in the long-run for you to set up a pre-authorized contribution (PAC) for year-round withdrawals.

As you’re doing your taxes, or getting your refund, consider setting up a PAC—a recurring automatic withdrawal that will transfer a set amount from your bank account into an investment account (RRSP or TFSA). Start small if you need to, and increase it later.

Seymour says “automating the investment savings process allows your savings to grow even when life gets busy.” It’s a scenario where set-it-and-forget can really help reduce financial stresses. Even if it’s just a small amount (that’s what Mike and I do) it makes a difference. Learn more about automatic payments!

3. Start investing with ATB Prosper

ATB Prosper, Alberta’s first digital investment banking experience, is the simplest way to invest. As you’re sorting out your finances, consider whether now is the time to jump from just a savings account to an investment account. With ATB Prosper, you just answer a few questions to get a customized investment plan. Open an account for just $100 and make contributions as low as $25. The ATB Prosper digital dashboard lets you easily set goals and track progress. It’s also designed to minimize risk and maximize returns, which ultimately means more money for you (getting you one step closer to your dreams!) I’m using ATB Prosper now and look forward to seeing how it can help Mike and I achieve our major purchase dreams! 

Learn more about ATB Prosper

It’s the little steps you take now that I think will make a big difference later in life.

No matter what stage of life you’re at—it’s never too late to become more educated about and taking better control of your finances. Fingers crossed you get an average or above average tax refund this year!

Thanks to ATB for sponsoring this post, and stay tuned for next month’s financial inspo and giveaway!

(Teaser: in March and April, I’ll be giving away a chance to win $500 towards an ATB Prosper investment account!)

Linda  

 

Follow lindork on Instagram
 Like Lindork – Linda Hoang on Facebook!

Disclaimer: I am working with ATB Financial in a paid partnership to help highlight their ATB Prosper investment tool. This has no impact on opinions stated in this post. The tips shared in this post are all things I’m currently doing myself as a way to reduce financial stress and get closer to achieving my dreams!

Linda Hoang is a Canadian blogger based in Edmonton, Alberta, who writes about food, travel, lifestyle and pets. She's also a social media/digital specialist with a journalism background. Linda loves exploring the world with her husband Mike, eating their way through cities and photographing Instagrammable Walls. She is the founder of the Edmonton International Cat Festival and a fur-mom to two cats and two dogs.

Previous Post
February 27, 2019
Next Post
February 27, 2019

No Comments

Leave a Reply

Instagram

  • I just love the @brownbuttercafe! 💛💛💛 Pictured 📸 is their Sunny Day bowl with runny egg (🙌🏻), potato, kale, tomatoes avocado, cucumbers and yogurt. My favourite bowl here though is the Crispy Chicken on rice. 🤤 And today I also tried their housemade kettle chips and bacon jalapeño “mak & cheese” which were both soooo good (and so affordable at $2 and $2.75 each). THE BEST!
Also the best? You guys, for your very kind and supportive comments about my Big. Life. Update on the previous post. THANK YOU! 💛💛💛
.
.
.
.
.
#yeg #yegblog #yegblogger #yegfood #yegfoodie #edmonton #edmontonalberta #exploreedmonton #brownbuttercafe #eggbowl #runnyegg #eggstagram #southedmonton #yegcafe #yegbiz #edmontonfood #canadianblogger
  • BIG LIFE UPDATE! 🥳
As some of you know, I’ve been on a personal leave from my work as a Digital Strategist at marketing & comms agency @calderbateman @zgm_marketing since January as @mikethyking & I explored whether some time off would help our #UnexplainedInfertility & journey to have a baby. 👶🏻 (It hasn’t. 😞 But we are still hopeful 🤞🏻)
My leave ends this month and I’ve decided I will not be returning to the agency, and will instead go full-time with my blog & personal social media + my own freelance social media strategy & consulting business! 🎉
Going out on my own is something I’ve wanted to do for many, many years. It’s something I thought I would do naturally after taking a maternity leave but that timeline kept getting pushed because I’ve never been able to get pregnant. The leave was just what I needed to reassess and make the decision to finally be my own boss!
I’m so grateful for the time I was able to take off from full-time agency work (though I am aware I was still pretty busy with personal projects 😅 lol). I’m also truly grateful for an employer that was kind & understanding enough to give me personal time off. 💗 I’ll miss working with the talented team, but am so excited for this next step in my life! 🙌🏻
Over the next few months I’ll be updating my blog with a new look & feel + better categorization, putting out (hopefully lol) even better & more useful content for followers & readers, getting some presence up for my new business & throwing myself into organizing @yegcatfest! 😸
I’m also taking new social media strategy, consulting & training clients and am so grateful for all who have been referring clients my way already (unsolicited, which I’m pretty excited about now that I am soliciting lol). 🎉
Thanks to my incredibly supportive husband & best friend @mikethyking. 💗 And thanks to all of YOU for following and engaging with me. 🙏🏻 I feel so lucky & happy that I’ve been able to turn my longtime hobby (social media 🤓) into a career, in such different ways, and now based at home with my furkids 🐶🐶🐱🐱 Read my full update at the link in my bio!
📸 credit: @sethmvc
#yeg #yegmarketing #yegblogger #edmonton #exploreedmonton
  • Ugh. I LOVE Korean food and this was a good one. 😍 In between #JasperPJParty & mountain adventures, we checked out the Kimchi House in the town of Jasper this weekend. This japchae glass noodle dish with beef was delicious! Along with their bulgogi and army stew (budae jjigae). (The stew broth was so good and extra spicy. But why is there never enough broth? lol) I was sad the Kimchi House didn’t serve banchan (side dishes typically provided with a Korean meal) but was happy with the rest of the meal! 🤤 #lindorktravels
.
.
.
.
.
#myjasper #jasper #jasperalberta #jaspernationalpark #jaspertown #kimchihouse #japchae #glassnoodles #noodlelover #koreanfoods #asianfoods #alberta #albertacanada #explorealberta #travelalberta #yegfoodie #yegblog #yegblogger #noodlepull #jasperfood #albertafood
  • A weekend in the mountains 🏔 is not complete without a mountain photoshoot! 😊📸 Thanks to the @fairmontJPL for inviting me to teach some Instagram / phone photography & editing workshops for #JasperPJParty!! 💕 Thanks to everyone who came to my sessions!! 🙏🏻 Thanks to @britl for being my session helper & mountain photog!! 📸 And thanks to @theporkgirl for lending me her hat!! 😍 I have been itching for a mountain road photo for a long time so am happy to check this off my list! ✔️✔️✔️ (We were very safe about it!) #lindorktravels #fairmontJPL #myjasper
.
.
.
.
.
#jasper #jasperalberta #jaspernationalpark #explorealberta #travelalberta #albertacanada #mountainphoto #explorecanada #parkscanada #canadianrockies #canadianblogger #yegblogger #yegblog #jasperparklodge
  • Ahhh it was two years ago this weekend that I got a photo at this iconic Instagrammable #PaulSmithPinkWall 💕 in Los Angeles, California and shortly after I started making Instagrammable Wall Guides to cities, organizing wall photo walks, and searching for these walls wherever I travel. 😍💗 This is still one of my favourite walls and I wish more buildings were painted bright, uninterrupted colours like this it makes me immensely happy. 💕 #InstagrammableWalls #Instagrammable #IGwallsofLA #lindorktravels
.
.
.
.
.
.
#pinkwall #pinkwalls #walltraveled #instagrammablewall #traveloften #doitforthegram #travelgrams #melroseave #melroseavenue #instagrammableplaces #canadianblogger #yegblogger #yegblog #yegtravel #igwall #discoverLA #visitcalifornia #visittheusa
  • ** UPDATE! **
Congratulations to @thefuramigoss & Sarah L on Facebook, winners of tickets to the Edmonton Hime + Garden Show! Thanks everyone who entered!!
** GIVEAWAY + NEW BLOG POST! **
The Edmonton Home 🏡 + Garden 🌸 Show returns March 21-24 and I’m giving away tickets to the show! 🎉 There’s lots of awesome features to check out including Cooking Stage demos from local chefs and  @masterchefonfox Season 7 winner @chefshaunoneale! This week I made one of his recipes, delicious lemon zesty blueberry cream cheese danishes (pictured here 💕) and I look forward to seeing what he cooks up at @yeghomeshows! Head over to the link in my bio to see what other features you should visit at #EHGS19 and enter below for a chance to win tickets to the show! 🎉
HOW TO ENTER:
1. Follow me + @yeghomeshows
2. Leave a comment telling me what home renos, updates or projects you think you might work on this spring/summer! Also tag a friend to spread the word about the show + giveaway.
I’ll randomly select two winners from all entries received across Instagram, Facebook and Twitter by March 18. Each winner will get a pair of tickets to the show! 💚💛
Thanks to @yeghomeshows for partnering with me to promote the show! (my blog and this post are sponsored). 😊
.
.
.
.
.
#yeg #yeghomeshows #exploreedmonton #edmonton #blueberrydanish #danishes #yegbakes #yegtreats #edmontonalberta #sprucegrove #lemonzest #chefshaunoneale #yegfoodie #yegfood #yegfoodblogger #edmontonfood #lindorkbakes
  • I always feel SO lucky that I get to meet the coolest cats on the Internet (and their pawrents) through the work I do with @yegcatfest! 😸 This summer, #YEGCatFest is bringing @sukiicat and her pawrent @enchanted.forest to Edmonton to meet festival attendees!!! 😻😻😻 Suki the Adventure Cat is a gorgeous bengal cat who loves adventure! 🏔🛶 Suki is definitely one of my favourite travel Instagrammers 😹, I’m one of her 1.3 MILLION Instagram followers!! 💕 And perhaps the coolest thing about Suki? She lives in Alberta!!! 🇨🇦🙌🏻 Head to the link in my bio or Story to learn more about Suki and be sure to pre-purrchase your Cat Fest tickets! Meet & greets are included with your festival ticket. ♥️ Thanks to @fairmontmac our Celebpurrty Cat Hotel Sponsor!!
Photo Credit 📸: @enchanted.forest @sukiicat
.
.
.
.
.
.
#yeg #yegcats #catsofyeg #catsofedmonton #edmontoncats #yegevents #yegpets #tailsofyeg #exploreedmonton #edmonton #edmontonalberta #albertacanada #yyccats #catsofcalgary #yycpets #adventurecat #explorecanada #catfest
  • Thanks @imedia_yeg for having me back as an emcee (with @tylerjackbutler) and speaker over the weekend! ☺️ I’m always up to talk anyone’s ear off about social media & influencer marketing. 💕🤓 And always love learning from talented digital marketers! 🙌🏻 Stay tuned now for a @dontcallmeaguru #iMEDIA19 recap podcast with the special return of Tyler, pictured here looking like a gangsta! 🎙
.
.
.
.
.
#yeg #yegblog #yegblogger #emceelife #speakerlife #edmonton #exploreedmonton #influencermarketing #yeginfluencer #edmontonalberta #digitalmarketer #influencermarketer #imediaconference #macewanu #yegdt #yegpodcast #albertapodcast #albertapodcastnetwork
  • Made ginger sesame ground beef with green beans and a runny egg on rice for lunch on this very slow-moving Sunday. 🤤💕 #lindorkcooks
.
.
.
.
.
#yeghomecooking #yeg #yegfood #yegfoodie #yegfoodie #yeggers #yegger #exploreedmonton #edmonton #fbcigers #edmontonalberta #sprucegrovealberta #sprucegrove #gingerbeef #sesameginger #asiancooking #asianfoodporn #runnyyolk #yolkporn #googlepixel3 #shotonpixel
  • 💛 Happy International Women’s Day! 💛 Today and every day, let’s #BalanceForBetter. Challenge gender stereotypes and bias. Insist on gender parity. Celebrate women’s achievements. Lift each other up. 💛 If you’re looking for a specific way to celebrate #IWD2019 today, consider supporting one of many women-owned or co-owned @edmontonmade businesses! 🙌🏻 NEW ON THE BLOG (link in bio), I’ve started a Guide to Women-Owned Businesses in Edmonton & Area!! There’s SO many wonderful businesses in a range of industries being led by women. Thanks to my friend (also a woman lol)  @argenplath for helping me compile this initial directory, which includes over 70 businesses!! 🎉🎉 Do check it out and I *know* I’m missing many more great ones so please comment and let me know who else should be highlighting and I’ll keep adding to the list! ☺️💛 #InternationalWomensDay2019
.
.
.
.
.
.
#yeg #yeglocal #yegmade #edmontonmade #madeinyeg #makesomethingyeg #edmonton #exploreedmonton #yegbusiness #yegbiz #yegentrepreneur #instagrammablewalls #IGwallsofyeg #edmontonalberta #yegblog #yegblogger #canadianblogger #madeinalberta
  • So thrilled to have found @banhcuonyeg through Instagram! 🤤 Bánh cuốn is a delicious Vietnamese steamed rice roll filled with ground pork, mushrooms and shallots. It’s one of my dad’s favourite Vietnamese dishes and something I used to eat a lot with him! When I found out the Khau family was offering made-to-order, fresh bánh cuốn for pick-up in North Edmonton, I *had* to try! 😄 They’re so good! And bring back great memories. 😍 @banhcuonyeg is charging $6 for a dozen rolls (one order). This week I got four orders and have been having some for breakfast, lunch and dinner! 😂🤤 My parents were so happy with the flavour and quality of the rolls (they hold up really well!) that they got the Khau phone number to make their own future orders (they’re not on Instagram lol) 💕 Also it’s always wise to have a bánh cuốn maker on speed dial lol. The rolls are best with Vietnamese ham (cha) but you need to get that separately.
VIETNAMESE FOOD IS THE BEST. ☺️
.
.
.
.
.
#yeg #yegfood #yegfoodblogger #yegfoodie #yegblog #yegblogger #edmonton #exploreedmonton #edmontonfood #banhcuon #ricerolls #steamedricerolls #vietnamesefood #vietfood #banhcuonyeg
  • ** NEW BLOG POST + GIVEAWAY! **
I love Date Night! And while @mikethyking & I have done lots of different things for Date Night over the years, there’s one tried and true outing that always delivers: dinner and a movie! ♥️ If @therecroomca is part of our Date Night, we also love playing games too! ☺️ Read my sponsored blog post (link in bio) for the Ultimate Foodie Date Night inspiration which includes great food, games and entertainment! 🎉
& ENTER FOR A CHANCE TO WIN A $100 GIFT CARD FOR YOUR OWN REC ROOM DATE NIGHT!
1. Be sure you’re following @therecroomca
2. Tag who you’d take to Date Night in the comments below! (one tag per comment. unlimited entries)
See the blog for more ways to enter and watch a Date Night promo video Mike and I did with The Rec Room! ☺️ I’ll randomly select a winner from all entries received on Instagram, Facebook and Twitter by March 17. Good luck!! ♥️
.
.
.
.
.
.
#yeg #yegfood #yegfoodie #yegblogger #yegblog #edmonton #edmontonfood #exploreedmonton #therecroom #therecroomyeg #yegdate #yegdatenight #canadianblogger

LINDORK