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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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Wall Street Futures Slip as Tech Weakness Marks Final Week of 2025

U.S. stock futures edged lower Monday as markets entered the final trading week of 2025, with declines in major tech names weighing on sentiment. Nasdaq futures led the pullback, pressured by early drops in Nvidia and Tesla, both of which slipped more than 1% in pre‑market trading.

S&P 500 futures dipped modestly, while Dow Jones Industrial Average futures also traded slightly in the red. The soft start comes after a strong December rally that pushed major indexes near record highs, fueled by optimism around artificial intelligence, easing inflation pressures, and expectations for rate cuts in the year ahead.

The tech sector’s stumble coincided with volatility in commodities. Silver, which briefly surged above $80, pulled back sharply, and gold futures also retreated after touching fresh highs last week.

Despite Monday’s early weakness, all three major indexes remain on track to close the year with solid gains, capping a dynamic 2025 defined by rapid shifts in investor sentiment, powerful AI-driven momentum, and renewed interest in cyclical sectors.


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