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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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Rush to Work: CNE Job Frenzy Highlights Youth Unemployment Crisis

 

                                          Applicants at the CNE’s Job Fair wait in line at the Enercare Centre in Toronto on July 30,                                                           2025. CNE has already received more than 54,000 online applications, the most yet.

The Canadian National Exhibition (CNE) has seen an overwhelming flood of interest for its seasonal job openings, receiving over 54,000 applications for just 1,000 positions. This staggering demand shines a spotlight on a pressing issue: the persistent challenge of youth unemployment across Canada.

Each summer, the CNE hires young people to support operations for one of Toronto’s largest annual events. While the fair promises temporary income, resume-building experience, and a taste of independence, the sheer volume of applicants points to deeper economic struggles among youth. Many are grappling with limited opportunities, rising living costs, and competitive job markets that often favor experience they haven’t yet been able to gain.

Experts argue that these figures illustrate a disconnect between the number of youth ready and eager to work and the availability of meaningful employment. As economic uncertainties continue to shape the post-pandemic landscape, initiatives like the CNE’s hiring program act as both a stopgap solution and a barometer of youth desperation.

For policymakers, educators, and employers, the message is clear: Canada’s young workforce is knocking, and the door to opportunity needs to swing open far wider.



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