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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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World Leaders Gather in Rome to Honor Pope Francis

Rome is witessing an extraordinary convergence of global leaders and dignitaries as they arrive to pay their respects to Pope Francis, who passed away at the age of 88. Among the prominent figures attending the funeral are former U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy. The funeral, set to take place in St. Peter's Square, marks the culmination of a week of mourning for the beloved pontiff.

Pope Francis, known for his humility and dedication to the marginalized, has drawn tens of thousands of mourners to St. Peter's Basilica, where his body lay in state. The Vatican has confirmed the attendance of 130 delegations, including 50 heads of state and 10 reigning monarchs, reflecting the global impact of his leadership.

The ceremony will also feature a poignant moment as a group of poor and needy individuals, in line with Francis' values, will pay homage to his coffin. As the world bids farewell to a transformative figure, the conclave to elect his successor is set to begin in early May.



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