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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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Erdogan Denounces Israeli Policies, Reaffirms Palestinian Sovereignty in Pakistan

 

During a high-profile visit to Pakistan on Thursday, Turkish President Recep Tayyip Erdogan launched a scathing critique of Israel’s handling of the Gaza situation. Speaking at a televised business forum in Islamabad, Erdogan condemned what he described as Israel’s failure to honor a ceasefire and its aggressive military actions in Gaza.

“Gaza belongs to our Gazan brothers and sisters and will remain so forever,” Erdogan declared, emphasizing that the region—where Palestinians have made immense sacrifices—must not be subject to any forced relocation or compromise. He warned that Israel’s ongoing operations would only lead the area “toward blood and tears again.”

Erdogan’s remarks came as he and Pakistani Prime Minister Shehbaz Sharif jointly chaired talks aimed at deepening bilateral cooperation. During the visit, both leaders oversaw the signing of 24 strategic agreements covering economic, trade, and defense ties—a move underscoring their mutual commitment to regional stability amid escalating tensions.

The Turkish president’s forceful speech not only reiterated his longstanding support for the Palestinian cause but also signaled Turkey’s determination to challenge policies seen as exacerbating the humanitarian tragedy in Gaza. His comments resonated with many in the region who view a fair and enduring peace as contingent on recognizing Palestinian rights and sovereignty.

Erdogan’s rhetoric comes at a time when the international community is calling for renewed efforts to secure a lasting ceasefire in the conflict-ravaged region. His impassioned address adds to a chorus of voices demanding accountability and justice for those affected by the ongoing violence.


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