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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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US Blocks Abbas from UN Amid Rising Global Recognition of Palestinian Statehood

 

The United States has announced it will deny and revoke visas for several senior members of the Palestinian Authority (PA) and the Palestine Liberation Organization (PLO) ahead of next month’s United Nations General Assembly in New York. The move is expected to prevent Palestinian Authority President Mahmoud Abbas from delivering his customary address at the annual gathering.

The State Department cited the PA and PLO’s alleged failure to repudiate terrorism and their pursuit of unilateral recognition of Palestinian statehood as reasons for the restrictions. However, the Palestinian mission to the UN — staffed by diplomats permanently based in New York — will be exempt from the ban, in line with the UN headquarters agreement.

The decision comes as several key US allies, including the United Kingdom, France, Australia, and Canada, have pledged to formally recognize a Palestinian state during the summit. These recognition moves reflect growing frustration with Israel’s ongoing war in Gaza, the humanitarian crisis it has triggered, and continued settlement expansion in the West Bank.

Abbas’ office condemned the US action, calling it a violation of international agreements governing access to the UN, and vowed to respond diplomatically. The restrictions could significantly reduce the Palestinian presence at a high-profile moment in the global debate over statehood and peace in the Middle East.


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