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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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Iran Executes Alleged Mossad Operative Amid Escalating Tensions

Entangled in a decades-long shadow war with Israel, Iran has executed many individuals it accuses of having links with Israel's Mossad intelligence service.

Iran announced the execution of Bahman Choobiasl, described by state media as “one of the most important spies for Israel in Iran.” The judiciary’s Mizan news agency claimed Choobiasl had collaborated with Israel’s Mossad intelligence service, working on sensitive telecommunications projects and allegedly providing information on the import routes of electronic equipment.

The execution marks the 10th such case since Iran’s brief but intense conflict with Israel in June, which left more than 1,000 people dead and heightened regional hostilities. Authorities said Choobiasl’s death sentence was upheld by Iran’s Supreme Court on charges of “corruption on earth,” a term often used in espionage and national security cases.

Human rights groups have raised concerns over the surge in executions, noting that Iran has carried out more than 1,000 death penalties this year alone — the highest pace since the late 1980s. Activists also warn that many of those accused of spying may have been coerced into confessions under torture.

The case underscores the deepening shadow war between Iran and Israel, as both nations continue to accuse each other of covert operations, assassinations, and cyberattacks.

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