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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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Toronto Skies Roar as Canadian International Air Show Thrills CNE Crowds

 

The skies above Mississauga and Toronto will serve as a backdrop in the coming days for numerous aircraft not often seen in this airspace.

Toronto’s waterfront was alive with excitement this Labour Day weekend as thousands gathered for the 76th annual Canadian International Air Show (CIAS), the grand finale of the Canadian National Exhibition. From August 30 to September 1, the skies above Lake Ontario became a stage for breathtaking aerial displays, with performances running daily from 12:00 p.m. to 3:40 p.m.

This year’s lineup featured crowd favourites like the Canadian Forces Snowbirds, the CF-18 Demonstration Team, and the U.S. Air Force F-35 Demo Team, alongside thrilling newcomers such as Dan Fortin in his Nanchang CJ6 and Marco Rusconi piloting a P-51 Mustang. The Northern Stars aerobatic team wowed spectators with precision stunts, while the roar of jet engines echoed across the city.

While ticket holders enjoyed prime views from the Exclusive Air Show Zone at Marilyn Bell Park, many opted for free vantage points along the waterfront, turning Toronto’s lakeshore into a festival of aviation enthusiasts.

Marking more than seven decades of tradition, the CIAS remains North America’s longest-running air show, blending military might, aerobatic artistry, and community spirit into one unforgettable end-of-summer celebration.


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