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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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Channel Tunnel Power Failure Halts All Eurostar Services

 

Passengers use phones after a Eurostar spkesperson said they were suspending its cross-Channel train services to and from London at St. Pancras International station.

Eurostar temporarily suspended all cross‑Channel train services on Tuesday after a major power supply failure in the Channel Tunnel brought travel to a standstill. The disruption affected routes between London, Paris, Brussels, Amsterdam, and other key European destinations during one of the busiest travel periods of the winter season.

According to the operator, an overhead power issue inside the tunnel caused a shuttle train to stop, forcing authorities to close the route entirely while engineers worked to resolve the fault. With no clear estimate for when services would resume, Eurostar urged passengers to postpone their journeys and avoid travelling to stations unless they already held a valid ticket.

The suspension left thousands of travellers facing delays, cancellations, and overcrowded terminals as they sought alternative routes. Rail operators across the region offered limited support options, but capacity remained strained due to holiday demand.

Eurostar has stated that updates will be provided as soon as more information becomes available, but significant disruption is expected until the power issue is fully resolved.


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