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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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Trump’s Stormy Waters: How a Porn Star’s Story Rocked the 2016 Campaign

In a dramatic courtroom revelation, Michael Cohen, Donald Trump’s former fixer, testified that the ex-president’s anger over porn star Stormy Daniels’ story was “all about the campaign.” Let’s delve into the details of this scandal and its impact on the 2016 presidential race.

1. Stormy Daniels’ Allegations: Stormy Daniels, an adult film actress, claimed that she had a sexual encounter with Trump in 2006, shortly after his marriage to Melania. In 2016, as Trump geared up for his presidential campaign, Daniels threatened to go public with her story. Cohen, who was deeply entrenched in Trump’s inner circle, became the point person for handling this potential crisis.

2. Trump’s Concerns: Cohen testified that Trump was acutely aware of the damage Daniels’ allegations could cause. He reportedly told Cohen, “Women are gonna hate me.” Trump anticipated that multiple women might come forward with similar stories during the campaign, potentially tarnishing his image and alienating female voters.

3. Hush Money Payments: To prevent Daniels from going public, Cohen orchestrated a hush money payment of $130,000 to her just before the 2016 election. The payment was intended to buy her silence and protect Trump’s campaign prospects. However, this strategy backfired when the payment came under scrutiny, leading to legal troubles for both Cohen and Trump.

4. Trump’s Defense Strategy: Throughout the trial, Trump’s defense team argued that the hush money was solely about protecting his family relationships. They claimed it had nothing to do with the campaign. However, Cohen’s testimony directly contradicted this narrative, revealing that Trump’s primary concern was the potential impact on his political aspirations.

5. Catastrophic Fallout: Cohen described Trump’s reaction to Daniels’ story as catastrophic for the campaign. The fear of losing female voters and damaging his public image weighed heavily on Trump’s mind. The scandal threatened to overshadow his policy positions and derail his bid for the presidency.

6. The Verdict: As the trial unfolds, the jury must decide whether Trump’s actions constituted campaign finance violations. The case hinges on whether the hush money payments were made to protect Trump’s political interests or merely to shield his personal life.

In summary, the Stormy Daniels saga became a defining moment in the 2016 campaign, exposing the delicate balance between personal indiscretions and political ambitions. Trump’s anger over the porn star’s story reverberated far beyond the courtroom, leaving an indelible mark on American politics

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