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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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Zelensky Sounds Alarm Over Prolonged Power Outage at Zaporizhzhia Nuclear Plant

 

Ukraine's Zaporizhzhia nuclear plant, which is Europe's largest with six reactors and occupied by Russia since 2022, needs power to prevent a meltdown.


Ukrainian President Volodymyr Zelensky has warned of a “critical” situation at the Russian-occupied Zaporizhzhia Nuclear Power Plant, which has been cut off from the national power grid for seven consecutive days — the longest outage since the start of Russia’s full-scale invasion in 2022.

The facility, Europe’s largest nuclear plant, is currently relying on emergency diesel generators to maintain vital cooling and safety systems. Zelensky revealed that one of the generators has already failed, raising fears of a potential nuclear incident if power is not restored soon.

“Russian shelling has cut the plant off from the electricity network,” Zelensky said, accusing Moscow of deliberately obstructing repairs. He stressed that the situation poses a threat “to absolutely everyone,” warning that no other conflict in history has seen such risks imposed on a nuclear facility.

The International Atomic Energy Agency (IAEA) has expressed concern, noting that while the generators are keeping the plant stable for now, the reliance on backup systems is unsustainable. Efforts are underway to restore external power, but both Kyiv and Moscow continue to trade blame for the outage.

The Zaporizhzhia plant, located near the front lines in Enerhodar, once supplied about 20% of Ukraine’s electricity. Its six reactors remain shut down, but the facility still requires constant power to prevent a meltdown — a danger that underscores the global stakes of the ongoing war.



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