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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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Deadly Car Bomb Targets Pakistani Military Convoy Near Afghan Border

At least 13 Pakistani soldiers were killed and nearly 10 others critically wounded on Saturday when a car packed with explosives rammed into a military convoy in the Mir Ali area of North Waziristan, near the Afghan border.

According to local officials and intelligence sources, the blast was powerful enough to shake nearby homes and cause structural damage. Witnesses described a massive explosion followed by plumes of smoke rising into the sky. The wounded soldiers were airlifted to a military hospital for urgent treatment.

No group has claimed responsibility for the attack. The region has long been a hotspot for militant activity, with several Islamist groups operating across the porous border. Pakistani authorities have accused militants of using Afghan territory to launch cross-border attacks, a claim Kabul denies.

The Pakistani military has yet to issue an official statement. The attack underscores the persistent security challenges in the tribal belt, despite multiple military operations aimed at dismantling militant networks.

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