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What to Do with Your Tax Refund: 5 Smart Moves for Canadians

  Tax Season · Personal Finance By MoneySavings.ca Editorial Team • May 7, 2026 • 7 min read Tax season is wrapping up across Canada, and for millions of Canadians, that means a refund cheque — or a direct deposit — is on its way. The average Canadian tax refund hovers around $1,800. That's real money. The question is: what's the smartest thing you can do with it? It's tempting to treat a tax refund like "found money" and splurge. But here's the truth — that refund was your money all along. The government was just holding it for you, interest-free. So before it quietly disappears into day-to-day spending, let's look at five moves that will make it work harder for you. $1,800 The average Canadian tax refund — enough to make a meaningful dent in debt, pad an emergency fund, or kick-start your TFSA for the year. 1 Pay Down High-Interest Debt First If you're carrying a balance on a credit card, this should be your very first call. Most Canadian credit car...
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Ceasefire Negotiations Between Israel and Hamas to Continue in Qatar


Efforts to establish peace in the ongoing conflict between Israel and Hamas are set to progress, with ceasefire talks anticipated to recommence in Qatar this Sunday. These discussions, facilitated by Egyptian officials, represent a critical juncture as they bring together Israeli and Hamas representatives for the first time since Ramadan began.

The proposed three-stage plan by Hamas outlines a roadmap to halt hostilities. Initially, a six-week ceasefire would involve a prisoner exchange, followed by a permanent ceasefire declaration and, ultimately, the lifting of the blockade on Gaza to allow reconstruction efforts.

Despite the complexity of the situation, with demands for a permanent ceasefire from Hamas and Israel’s objective to “annihilate Hamas,” there is a cautious optimism that these talks could mark a turning point in a conflict that has deeply affected the Gaza region and its inhabitants.

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