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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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Federal Judge Blocks Trump Administration’s VOA Job Cuts Amid Legal Battle

 

Kari Lake, senior advisor for the U.S. Agency for Global Media, announced in late August that the job cuts at Voice of America would take effect Tuesday.


A federal judge in Washington, D.C., has temporarily halted the Trump administration’s plan to eliminate more than 500 jobs at Voice of America (VOA), the U.S. government-funded international broadcaster. The ruling, issued by U.S. District Judge Royce Lamberth, prevents the U.S. Agency for Global Media (USAGM) from carrying out a reduction in force that would have cut 532 full-time positions—representing the majority of VOA’s remaining staff.

Judge Lamberth sharply criticized the administration for showing “concerning disrespect” toward the court, noting that the layoffs were initiated just hours after government lawyers had suggested such cuts were only a possibility. He warned that contempt proceedings could follow if compliance with court orders is not ensured.

The suspension preserves the status quo while the court considers a broader challenge from employees who argue that the cuts would cripple VOA’s ability to fulfill its statutory mission as a “consistently reliable and authoritative source of news.”

VOA, founded in 1942 to counter Nazi propaganda, remains a key part of U.S. public diplomacy, reaching hundreds of millions of people worldwide. The case underscores the ongoing clash between the administration’s efforts to reshape government-funded media and judicial oversight aimed at protecting its independence.


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