The Globe and Mail reports in its Tuesday, May 5, edition that a new Toronto-Dominion Bank survey reveals that more Canadians, particularly Gen Z, are planning to save or invest their tax refunds this year due to economic uncertainty. A Canadian Press dispatch to The Globe reports that 74 per cent of Gen Z respondents plan to save their refunds, up from 30 per cent last year, while 33 per cent intend to invest, a rise from 14 per cent. This is higher than the national average of 25 per cent for investments. TD's Aaron Clark says for many young Canadians, investing has been as simple as opening a tax-free savings account and learning as they go. That's helping them build confidence and long-term financial stability. Instead of booking travel or splurging this year, the survey found more taxpayers are hoping to use their refund toward practical purposes like paying down debt. More than a third of survey respondents said they'll use their refund to pay down debt, compared with 23 per cent last year; while one-quarter of people say they will use the money to cover day-to-day expenses, compared with 18 per cent from a year ago. The survey polled 1,521 Canadians between March 26 and March 30.