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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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Raging Wildfires Force Saskatchewan into State of Emergency

 

Saskatchewan Premier Scott Moe has declared a provincewide state of emergency as wildfires continue to spread uncontrollably across the region. The declaration, which will remain in effect for 30 days, grants emergency powers to officials to mobilize resources and protect communities.

The fires have already forced more than 4,000 residents to evacuate, with the hardest-hit area being Pelican Narrows, near the Manitoba border. Saskatchewan is the second province to declare an emergency, following Manitoba’s decision on Wednesday as fires displaced 17,000 people, including all residents of Flin Flon.

Premier Moe emphasized the urgency of the situation, stating that the province needs rainfall to help contain the fires, but forecasts remain dry. Officials are urging residents to report wildfires and stay informed through daily updates from the Saskatchewan Public Safety Agency.


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