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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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European Powers Decry Threats Against IAEA Chief Amid Rising Nuclear Tensions

Britain, France, and Germany have jointly condemned what they described as threats against Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), following inflammatory rhetoric in Iranian media. The condemnation comes after Iran’s hardline Kayhan newspaper accused Grossi of espionage and called for his execution, a move that has sparked international concern.

In a unified statement, the three European nations reaffirmed their support for the IAEA and urged Iran to ensure the safety of its personnel. They also called on Tehran to resume full cooperation with the agency, in line with its obligations under the nuclear Non-Proliferation Treaty.

Tensions have escalated in the wake of Israeli and U.S. airstrikes on Iranian nuclear facilities, which Iran claims have compromised its ability to guarantee the safety of international inspectors. Iranian officials argue that the IAEA’s failure to condemn these attacks undermines its neutrality.

The situation underscores the fragile state of nuclear diplomacy in the region, with European leaders pressing for de-escalation and renewed dialogue.

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