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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 Visa Revocations for Palestinian Officials Deepen UN Assembly Tensions

                            It was unclear if Palestinian Authority President Mahmoud Abbas was included in the restrictions.



The United States has confirmed it will deny or revoke visas for several Palestinian officials ahead of next month’s United Nations General Assembly in New York, a move that has drawn condemnation from Ramallah and heightened diplomatic friction.

The State Department said the restrictions target members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA), accusing them of failing to repudiate terrorism while seeking “unilateral recognition” of a Palestinian state. The announcement comes as key US allies — including Britain, France, Australia, and Canada — have pledged to formally recognize Palestine during the summit, despite opposition from Washington and Israel.

It remains unclear whether Palestinian Authority President Mahmoud Abbas is personally affected, though his office has called the decision a violation of the UN Headquarters Agreement, which generally obliges the US to grant access to foreign diplomats.

The move could significantly reduce the size of the Palestinian delegation at a high-profile gathering already set against the backdrop of Israel’s war in Gaza, mounting humanitarian concerns, and growing frustration among Western nations over stalled peace efforts.


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