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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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Italy Detains Nine in Crackdown on Alleged Hamas Funding Network


Italian authorities have arrested nine people accused of channeling money to Hamas through a network of charities operating across the country. The operation, led by anti‑terrorism and financial crime units, targeted what investigators describe as a sophisticated system designed to disguise illicit transfers as humanitarian aid.

What Investigators Say

  • The suspects allegedly diverted millions of euros collected by charitable organizations and redirected the funds to entities linked to Hamas.
  • Police carried out coordinated raids across multiple regions, seizing assets and financial records believed to be tied to the scheme.
  • The investigation began after authorities detected unusual financial activity involving nonprofit groups, prompting a broader probe with support from European partners.

Why It Matters

The arrests highlight growing concerns across Europe about the misuse of charitable structures to finance militant groups. Italian officials say the operation underscores their commitment to disrupting international funding pipelines and preventing the exploitation of humanitarian channels.


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