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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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New Title: Conservatives Weigh Poilievre’s Future as Leadership Review Looms

 

                Conservative Leader Pierre Poilievre faces a critical test before his party on Friday.

The Conservative Party is approaching a decisive moment as members prepare to vote on whether Pierre Poilievre should continue as leader. The review, triggered after the party’s election loss, has intensified internal debate about the party’s direction and its prospects heading into the next federal contest.

Poilievre enters the convention with significant support among delegates, according to multiple reports, though questions remain about his ability to broaden appeal beyond the party’s base. Analysts note that while many Conservatives view him as a strong and principled figure, others worry that his message has not resonated widely enough with the broader electorate. Party insiders say Poilievre has spent recent weeks focused heavily on delegates, working to secure a strong mandate in the review.

The outcome of the vote will shape the party’s strategic path forward. A commanding result could solidify Poilievre’s leadership and signal continuity, while a weaker showing may prompt renewed calls for change within the Conservative ranks.


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