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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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Turkish Drones Shadow Gaza-Bound Flotilla Amid Rising Tensions

Boats, part of the Global Sumud Flotilla aiming to reach Gaza and break Israel's naval blockade, sail off Koufonisi islet, Greece

Turkey has deployed long-endurance drones to monitor the Global Sumud Flotilla, a convoy of around 40 civilian boats carrying aid and activists bound for Gaza. The flotilla, which includes parliamentarians, lawyers, and Swedish climate campaigner Greta Thunberg, resumed its journey after repairs in Greece following a drone attack last week that damaged several vessels.

Flight-tracking data shows the Turkish drones circling above the flotilla for several days, underscoring Ankara’s growing involvement in the mission. Italy, Spain, and Greece have also dispatched naval ships to shadow the convoy, though they have stressed their role is limited to humanitarian support rather than military engagement.

The flotilla is expected to reach Gaza within days, but its approach has heightened international concern. Israel has repeatedly warned it will prevent the boats from breaching its naval blockade, which it insists is legal under international law as part of its ongoing conflict with Hamas. Organizers of the flotilla, however, argue the mission is a peaceful effort to deliver aid to civilians in desperate need.

As the convoy sails east across the Mediterranean, the presence of multiple European navies and Turkish surveillance drones highlights the growing geopolitical stakes of what began as a grassroots humanitarian mission.

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