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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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Tensions Rise as Smith’s Alberta Next Tour Concludes in Calgary

 

Alberta Premier Danielle Smith announces proposed changes to several pieces of democratic process legislation in Edmonton on Tuesday, April 29, 2025.


Premier Danielle Smith’s Alberta Next panel wrapped up its cross-province tour Monday night with a fiery town hall in Calgary, where more than 1,100 people gathered to debate the province’s future direction.

The panel, launched earlier this year following Prime Minister Mark Carney’s federal election win, has been consulting Albertans on six proposals aimed at increasing provincial autonomy. These include creating an Alberta-run pension plan, establishing a provincial police force, and taking greater control over immigration.

While the Calgary crowd largely supported the proposals in straw polls, the event was marked by moments of sharp dissent. A high school student criticizing government policy had his microphone cut off, sparking backlash from attendees. Heated exchanges also broke out among audience members, underscoring the deep divisions over Alberta’s relationship with Ottawa.

Despite the tension, Smith emphasized that some proposals may move forward without a referendum, while others could be put directly to voters. The panel will now review feedback from the tour and an upcoming telephone town hall before deciding next steps.

The Calgary meeting capped a summer of often boisterous gatherings across the province, reflecting both strong support for greater autonomy and growing frustration with federal-provincial relations.


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