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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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Lebanon’s Political Fragility Amid Rising Tensions with Israel

 

As tensions between Hezbollah and Israel escalate, Lebanon finds itself on the precipice of a potential all-out war. This conflict threatens to exacerbate the already fragile political and economic situation in Lebanon, a country grappling with one of the century’s worst economic crises and a prolonged political deadlock.

Hezbollah, a powerful political and militant group in Lebanon, has been engaged in a low-level conflict with Israel since October 2023. The group’s actions have drawn mixed reactions within Lebanon, with some factions supporting Hezbollah’s stance against Israel, while others criticize it for dragging the country into a potentially devastating conflict.

The Lebanese political system, characterized by sectarian divisions and a lack of consensus, has struggled to address the nation’s pressing issues. The absence of a president since October 2022 has further compounded the political paralysis, leaving the country without effective leadership during these critical times.

The potential for an all-out war with Israel poses a significant threat to Lebanon’s already strained infrastructure and economy. The international community watches with concern, as any escalation could have far-reaching consequences for the region and beyond.

Lebanon’s path forward remains uncertain, with the need for political unity and stability more urgent than ever. The coming days will be crucial in determining whether the country can navigate through this crisis without descending into further chaos.





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