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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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Typhoon Bualoi Leaves 19 Dead in Vietnam as Hanoi Battles Worst Flooding in Years

People watch as workers remove fallen trees and electric polls from a road after Typhoon Bualoi makes landfall in Nghe An province, Vietnam, September 29, 2025. 


Typhoon Bualoi has left at least 19 people dead and 21 missing after making landfall in northern central Vietnam, unleashing torrential rains, powerful winds, and widespread flooding across the country.

The storm, which struck late Monday, damaged more than 100,000 homes and inundated over 10,000 hectares of crops, particularly in Nghe An and Ha Tinh provinces. In Hanoi, relentless downpours turned streets into rivers, paralyzing traffic and forcing schools to close. Residents described water pouring into their homes, with some villages submerged up to roof level.

Authorities reported 88 injuries and warned of continued risks of landslides and flash floods as rainfall in some regions exceeded 300 millimeters in just 24 hours.

Bualoi had already claimed lives in the Philippines before hitting Vietnam, underscoring the growing intensity of storms in the region. With Vietnam facing up to 10 typhoons annually, officials fear more destructive weather could follow in the coming months.


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