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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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Western Discontent Rises Following Liberal Election Victory

In the wake of the recent Liberal election victory, political tensions in Western Canada have intensified. Many Albertans and Saskatchewanians feel increasingly alienated from Ottawa, citing concerns over federal policies that they believe undermine their economic interests. 

Premier Danielle Smith has been vocal about the need for a "reset" in relations between Alberta and the federal government. She has called on Prime Minister Mark Carney to address key issues, including energy development and emissions regulations, warning that failure to do so could lead to a national unity crisis. 

The sentiment of Western alienation is not new, but recent political developments have reignited discussions about secession. Some groups are advocating for a referendum on Western independence, arguing that the region contributes more to Canada’s economy than it receives in return. 

As the new government settles in, the challenge will be to bridge the growing divide between Ottawa and the West. Whether Carney can successfully engage Western leaders and address their concerns remains to be seen, but the stakes for national unity have never been higher.

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