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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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Have Trump Prosecutors Made Their Case at Hush-Money Trial

As the final witness testifies, legal experts assess the evidence so far and chances of a conviction.

The trial centers on a reimbursement Mr. Trump made to his former personal lawyer and “fixer,” Michael Cohen. Cohen, 57, claims he was directed to pay Ms. Daniels $130,000 (£104,000) in exchange for her silence about her alleged affair with Mr. Trump. Prosecutors have described this as an attempt to “unlawfully influence” the 2016 election. Though Mr. Trump’s case centers on a reimbursement he made to Cohen, his former fixer, prosecutors spent the first weeks of the trial walking the court through what led up to the $130,000 hush-money payment Cohen made to adult-film star Stormy Daniels.

The trial has garnered significant attention, and the verdict hinges on a single piece of evidence known as People’s Exhibit 35. Legal experts are closely watching to see how this crucial evidence will impact the outcome of the case. Testimony in the hush-money trial of Donald Trump is set to conclude in the coming days, putting the landmark case on track for jury deliberations that will determine whether it ends in a mistrial, an acquittal, or the first-ever felony conviction of a former American president. Stay tuned for further developments as the trial unfolds! 

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