Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel Launches Gaza City Offensive Amid Famine and Global Outcry

                                   Displaced Palestinians flee from one area to another in Gaza City on Friday. 

The Israeli military has declared Gaza City a “dangerous combat zone” and confirmed it has begun the initial stages of a long-anticipated offensive on the war-ravaged enclave’s largest urban center. The move ends daily humanitarian pauses that had allowed limited aid deliveries, intensifying fears for hundreds of thousands of displaced residents already enduring famine conditions.

Military spokesperson Avichay Adraee said forces are operating “with great force” on the city’s outskirts, vowing to dismantle Hamas and secure the release of remaining hostages. Israel also announced the recovery of two hostages’ remains, including Ilan Weiss, killed during the October 7, 2023 Hamas-led attack.

The United Nations and aid agencies have condemned the escalation, warning of catastrophic humanitarian consequences as food shortages worsen and medical facilities face collapse. Despite mounting international pressure, Israeli leaders insist the operation is essential to neutralize Hamas’ stronghold in Gaza City.


Labels:

Comments

Post a Comment