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

Claim Your Share: Navigating the $500-Million Bread Price-Fixing Settlement

 

Canadians who purchased packaged bread between January 1, 2001, and December 31, 2021, may be eligible for compensation from a $500-million class-action settlement. This lawsuit accused major grocery chains, including Loblaw Companies Ltd. and George Weston Ltd., of participating in a price-fixing scheme that artificially inflated bread prices.

Who Can Apply?

Eligible claimants include individuals and businesses that bought packaged bread in Canada during the specified period. The settlement covers most packaged bread products, but excludes fresh in-store baked goods, artisan loaves, and frozen bread.

How to File a Claim

Once the settlement process is finalized, an online claims portal will be available for submissions. Claimants will need to provide details about their bread purchases, though proof of purchase is not required for claims up to $25. Those who previously received a $25 Loblaw gift card in 2018–2019 can still apply, but the gift card amount will be deducted from their payout.

When Will Payments Be Made?

The exact payout per claimant depends on the number of approved claims and legal fees. Most eligible individuals could receive up to $25, with higher claims requiring documentation. The Quebec Superior Court is set to approve the province-specific settlement on June 16, after which the claims process will officially begin.

For updates and to submit your claim, monitor the official settlement websites once they go live.

Labels:

Comments

Post a Comment