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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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Mexico Stands Firm Amidst Trump’s Persistent Pressure

 

Mexico continues to navigate a complex relationship with former U.S. President Donald Trump, whose outspoken policy positions and persistent demands have long shaped cross-border discourse. From trade renegotiations during his presidency to immigration enforcement pressures, Trump’s rhetoric has reignited tension as he reasserts influence in American politics.

While Trump calls for heightened border security and stricter migration controls, Mexico maintains a strategy rooted in cooperation and sovereignty. Government officials have reiterated their commitment to protecting national interests while preserving diplomatic channels with the United States.

The situation remains delicate. Analysts point out that Mexico must balance domestic priorities with external expectations—particularly in areas like asylum processing, economic partnerships, and fentanyl trafficking concerns. Despite political headwinds, Mexico aims to assert its autonomy in the face of shifting demands.

As the spotlight returns to U.S.–Mexico relations, the resilience of diplomacy will be tested once again.

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