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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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Auckland Ignites the Globe as New Zealand Welcomes 2026 First

 

New Zealand officially became one of the first countries to welcome 2026, with Auckland leading global celebrations through a spectacular midnight fireworks display launched from the iconic Sky Tower. According to multiple reports, the five‑minute show featured 3,500 fireworks erupting from various levels of the 240‑metre tower, illuminating the city despite rainy weather conditions.

Crowds gathered across Auckland’s waterfront and hilltop lookouts to witness the display, which marked the start of worldwide New Year festivities. Smaller community events across parts of the North Island were cancelled due to forecasts of thunderstorms, but major city celebrations proceeded safely under monitoring by local authorities.

New Zealand’s early countdown traditionally signals the beginning of global celebrations, with images and broadcasts from Auckland quickly circulating across international media. As Kiribati, New Zealand, and Australia ushered in the New Year, countries across Asia prepared to follow in the rolling wave of midnight festivities.

Auckland’s vibrant display once again positioned New Zealand as a symbolic starting point for the world’s transition into a new year—lighting the sky before the celebrations sweep westward across the globe.


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