Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Aid Blockade Intensifies Ceasefire Standoff Between Israel and Hamas

In a significant escalation of tensions, Israel has halted the entry of all goods and supplies into the Gaza Strip, aiming to pressure Hamas into accepting a new ceasefire proposal. This move comes as the first phase of a fragile ceasefire expired, leaving both sides at an impasse over the terms of a potential extension.

The Israeli government, in coordination with U.S. Mideast envoy Steve Witkoff, proposed extending the ceasefire through Ramadan and Passover, which end on April 20. Under this plan, Hamas would release half of the remaining hostages on the first day, with the rest to follow upon reaching a permanent ceasefire agreement. However, Hamas has accused Israel of violating the truce and using aid as leverage, calling the blockade "cheap extortion" and a "war crime".

The first phase of the ceasefire, which began in January, saw a surge in humanitarian aid and the release of hostages on both sides. Yet, disputes over alleged violations marred the truce, with each side blaming the other for breaches. The blockade now threatens to exacerbate the humanitarian crisis in Gaza, where the population heavily relies on international aid for survival.

As negotiations stall, the international community watches closely, urging both parties to find a resolution that prioritizes peace and humanitarian needs. The situation remains precarious, with the potential for further escalation if an agreement is not reached soon.

Labels:

Comments

Post a Comment