Many Canadians will use their tax refund to pay off debt, says a CIBC study.

Read: How will clients use tax refunds?

An expected 54% of people will receive a refund, and of those, 22% will reduce high-interest debt, like credit cards. Some 21% don’t know what to do with their refund; 19% will use the funds to pay for household necessities, like groceries; and, 10% of Canadians receiving refunds will contribute to investments like RRSPs.

Read: 7 ways to help clients save tax

Jamie Glombek, managing director of tax and estate planning at CIBC, says to remind clients that deducting RRSPs contributions regularly from paycheques will reduce tax deductions immediately; so they won’t have to wait until spring for tax relief.

Read: Taxpayers confident their returns maximize savings