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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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Kamala Harris Secures Nomination with Unprecedented Delegate Support


In a remarkable turn of events, Vice President Kamala Harris has garnered enough delegate support to secure the Democratic nomination for president on the very first day of her campaign.

This swift consolidation of support comes after President Joe Biden's endorsement and sets a new record in the political annals of the United States. Harris's campaign, which has been marked by a surge of endorsements from key figures within the party, has also seen a historic fundraising effort, amassing over $81 million in contributions. 

The Vice President's rapid acquisition of delegates reflects a broader trend of unity within the Democratic Party, as major potential rivals have rallied around her candidacy. With the Democratic National Committee preparing for its nominating vote, Harris's campaign is poised to enter the presidential race with a strong start and a clear path forward. Her success signals a significant shift in the political landscape and underscores the importance of delegate support in the nomination process.

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