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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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BCGEU Slams B.C. Government Over Failed Return to Bargaining Table



Negotiations between the B.C. government and the B.C. General Employees’ Union (BCGEU) collapsed almost immediately on Monday, with union president Paul Finch accusing the province of staging a “cheap stunt” rather than presenting a serious offer.

Finch said government negotiators arrived three hours late and offered only a marginally improved wage proposal, far short of what workers facing an affordability crisis had demanded. “Talks broke off today, but they didn’t really start,” Finch told members gathered outside a government office in Victoria.

The BCGEU, representing 34,000 public sector workers, has been on strike for five weeks in what is believed to be the longest civil service strike in B.C.’s history. The union has been pushing for wage increases of 8.25 per cent over two years, but countered with a proposal of four per cent annually. The government’s latest offer amounted to five per cent over two years.

With no progress at the table, Finch warned that job action will escalate, including larger demonstrations and possible rallies outside the B.C. legislature when lawmakers return in early October. Pickets remain in place at liquor and cannabis distribution warehouses, government offices, and dozens of provincial liquor stores.


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