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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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Ontario Cuts Ties with Starlink Amid Secrecy Over Contract Costs

 

                                           Province officially cancels Starlink contract to provide
                                           internet to thousands in rural and northern Ontario


Deal Terminated Without Transparency

The Ontario government has confirmed it has officially ended its contract with Elon Musk’s satellite internet provider, Starlink, but is refusing to disclose how much it cost to terminate the agreement. Originally aimed at expanding high-speed internet access in rural and remote areas, the deal was part of Ontario’s broader push for improved connectivity across the province.

Background of the Partnership

The collaboration, announced in 2021, promised to leverage Starlink’s low-Earth orbit satellite network to reach underserved communities. However, the agreement faced growing scrutiny over its feasibility, implementation challenges, and the financial implications of opting for this relatively new technology over existing options.

Lack of Cost Transparency Raises Concerns

Ontario officials confirmed the contract’s cancellation but declined to reveal the financial fallout, citing confidentiality clauses and commercial sensitivity. This decision has raised eyebrows among transparency advocates, who argue that public money should come with public accountability.

What’s Next for Rural Connectivity?

With Starlink off the table, Ontario says it remains committed to bridging the digital divide but hasn't offered details on new partners or plans. The province's updated strategy is expected in the coming months.


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