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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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North Korea Reaffirms Nuclear Arsenal as Core to Sovereignty at UN

 

Vice Minister for Foreign Affairs for North Korea Kim Son Gyong addresses the 80th session of the United Nations General Assembly at United Nations headquarters, Monday, Sept. 29, 2025.


North Korea has declared it will never abandon its nuclear weapons program, calling the demand for denuclearization an attack on its sovereignty and right to exist. Speaking before the United Nations General Assembly, Vice Foreign Minister Kim Son Gyong said that nuclear weapons are enshrined in the country’s constitution and are essential to maintaining a “balance of power” on the Korean Peninsula.

Kim argued that U.S.-led military exercises with South Korea and Japan represent a growing threat of aggression, insisting that Pyongyang’s nuclear arsenal is the only effective deterrent. “We will never walk away from this position,” he stated, rejecting international calls for disarmament.

The remarks mark the first time since 2018 that a senior North Korean official has addressed the UN gathering in person. While the speech was less combative than some of Pyongyang’s past rhetoric, it underscored the regime’s unwavering stance: nuclear weapons are non-negotiable.

North Korea has been under UN sanctions since 2006 for its nuclear and ballistic missile programs, but enforcement has weakened as Russia and China push for easing restrictions. Analysts say the speech signals Pyongyang’s intent to strengthen ties with these allies while resisting U.S. pressure.

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