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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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Heartfelt Search Continues for Missing Siblings in Rural Nova Scotia

 

A family in rural Nova Scotia remains hopeful as the search for a missing boy and girl enters another day. The siblings, **six-year-old Lily Sullivan and four-year-old Jack Sullivan**, vanished under mysterious circumstances, prompting an extensive rescue operation involving local authorities, volunteers, and community members.  

Emergency responders and search teams are combing the area, using drones equipped with **heat-seeking technology**, tracking dogs, and ground crews in an effort to locate the children. Authorities are urging anyone with information to come forward, emphasizing the importance of community involvement in such critical situations.  

While uncertainty lingers, the children’s family has expressed gratitude for the overwhelming support and remains steadfast in their hope for a safe reunion. **Their stepfather, Daniel Martell, has met with RCMP officials and remains hopeful**. As efforts continue, the community is holding onto optimism, refusing to let despair overshadow their determination.  

The search remains ongoing, with authorities encouraging residents to stay vigilant and report any potential leads.  



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