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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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Ottawa Designates India’s Bishnoi Gang as Terrorist Group

Police officers escort Lawrence Bishnoi, right, inside a courthouse in New Delhi, India, on April 18, 2023.


The Government of Canada has officially designated the Bishnoi Gang, an India-based criminal network, as a terrorist entity under the Criminal Code. Public Safety Minister Gary Anandasangaree announced the move, citing the gang’s involvement in murder, shootings, arson, extortion, and intimidation that have created a climate of fear within diaspora communities.

The designation empowers Canadian authorities to freeze or seize the gang’s assets, including property, vehicles, and financial holdings. It also provides law enforcement with expanded tools to prosecute offences related to terrorism, such as financing, recruitment, and travel.

Led by Lawrence Bishnoi, who has been imprisoned in India since 2014, the gang has been linked to drug trafficking, extortion, and targeted killings. Despite Bishnoi’s incarceration, investigators allege he continues to direct operations from behind bars.

The listing follows mounting pressure from provincial leaders and opposition parties, who argued that the gang’s activities posed a direct threat to public safety in Canada. With this move, the Bishnoi Gang joins 88 other organizations currently listed as terrorist entities in Canada.


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