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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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Hungary’s Pride Ban Sparks Legal Threats and International Concern

Hungarian Prime Minister Viktor Orbán has issued a stern warning that anyone organizing or participating in the banned Budapest Pride march will face *“clear legal consequences.”* The statement follows a controversial move by Hungary’s parliament earlier this year to amend the Assembly Act, granting police the authority to prohibit LGBTQ+ public events on the grounds of child protection.

Despite the ban, Budapest’s liberal mayor, Gergely Karácsony, has vowed to proceed with the event, framing it as a municipal celebration rather than a formal assembly. He argues that the gathering is legally distinct and therefore not subject to the new restrictions.

Justice Minister Bence Tuzson countered that the event still falls under the Assembly Act, warning that organizers could face fines or even imprisonment. The government has also approved the use of AI-powered facial recognition to identify participants, raising concerns among human rights groups.

International reactions have been swift. Over 30 countries, including France, Germany, and the UK, have expressed support for Hungary’s LGBTQ+ community and urged authorities to allow the march to proceed peacefully.

The standoff highlights growing tensions between Hungary’s conservative government and advocates for civil liberties, with critics viewing the ban as part of a broader erosion of democratic freedoms ahead of next year’s elections.

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