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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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Austrian Envoy to EU Resigns Amid Scandal Over Anonymous Blog

 

                                            Thomas Oberreiter

Austria’s ambassador to the European Union, Thomas Oberreiter, has stepped down following reports that linked him to a sexually explicit blog written under a pseudonym. The blog, which reportedly featured graphic content blending fantasy and real-life imagery, had been active since at least 2015.

The Austrian foreign ministry confirmed Oberreiter’s resignation, stating that he requested dismissal for personal reasons after Foreign Minister Beate Meinl-Reisinger was made aware of the allegations. The ministry emphasized that its statement should not be interpreted as confirmation of the claims, citing data protection concerns.

Media outlets, including Der Standard, identified Oberreiter as the blog’s author, though he has denied the allegations. The blog, written under the name “Caro,” allegedly included disturbing scenes and misogynistic narratives.

Oberreiter had served as Austria’s permanent representative to the EU in Brussels since 2023. His departure marks a rare and dramatic turn in diplomatic circles, raising questions about privacy, accountability, and the boundaries of personal expression in public service.

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