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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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Protests Erupt Nationwide After Minneapolis ICE Actions Spark Public Outrage

                                         Demonstrators attend an "ICE Out" protest in Minneapolis

Demonstrations have spread across the United States following a surge of Immigration and Customs Enforcement activity in Minneapolis, where recent enforcement operations have intensified public concern and fueled widespread anger. What began as local frustration quickly escalated into coordinated walkouts and rallies, with students, educators, and community groups mobilizing in cities across the country.

The Minneapolis area has become the center of attention after a large federal deployment dramatically increased the presence of immigration agents in the region. The scale of the operation, combined with reports of aggressive tactics, has raised questions about oversight and the broader direction of federal immigration policy.

Adding to the unrest are conflicting signals from the Trump administration about the future of the enforcement surge. While some officials hint at potential adjustments, others insist the operation will continue, leaving communities uncertain and on edge.

As protests continue to grow, organizers say they intend to maintain pressure until there is greater transparency, accountability, and a clear plan for how immigration enforcement will be handled moving forward.


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