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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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Trump and Netanyahu Prepare for High‑Stakes Talks on Gaza Strategy

US President Donald Trump gestures next to Israeli PM Benjamin Netanyahu at Ben Gurion International Airport in Lod, Israel.

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at Mar‑a‑Lago to discuss the next phase of the Gaza plan, a pivotal moment as both sides navigate a fragile and evolving ceasefire framework.

The first stage of the plan has focused on reducing hostilities, securing the release of hostages, and coordinating limited Israeli withdrawals. While the ceasefire has largely held, progress toward the next phase has slowed, raising concerns about long‑term stability.

The upcoming discussions are expected to center on the more complex second phase, which involves questions about Gaza’s future governance, security arrangements, and the role of regional partners. Trump is aiming to accelerate momentum and reinforce U.S. leadership in shaping the post‑conflict landscape, while Netanyahu is expected to emphasize Israel’s security priorities and the broader regional threat environment.

The meeting underscores the high stakes surrounding Gaza’s future and the delicate diplomacy required to move the process forward.


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