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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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Iran's Supreme Leader Reportedly Escapes Assassination Attempt by Going Into Hiding

In a dramatic turn of events, Israeli intelligence sources claim that Iran's Supreme Leader, Ayatollah Ali Khamenei, narrowly escaped an alleged assassination attempt by seeking refuge in a secure underground location. According to reports circulating through Israeli media, the Iranian leader took precautionary measures after being alerted to a credible threat on his life.

While official Iranian sources have neither confirmed nor denied the reports, the alleged incident has intensified already strained tensions between Tehran and Jerusalem. Israeli officials have not provided detailed evidence, though they assert the warning was based on a high-level intelligence intercept.

Observers note that if confirmed, this would mark an extraordinary moment in Iran’s internal security narrative—potentially signaling instability or heightened factional rivalries within the regime.

As both nations remain locked in a long-standing geopolitical rivalry, this revelation—whether factual or part of a broader psychological campaign—adds another layer to an already volatile regional chessboard.


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