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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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Super Blue Moon: A Celestial Spectacle

 

Tonight, stargazers around the world will witness a rare celestial event: the Super Blue Moon. Here’s are some brief details about this fascinating occurrence:

What Is a Super Blue Moon?

A supermoon is an infrequent phenomenon when the Moon appears larger and brighter than usual due to its proximity to Earth. Tonight, we’re treated to an even rarer event—a super blue moon. Here’s why it’s so special:

  1. Supermoon: The Moon’s elliptical orbit brings it closer to Earth, making it appear larger in the sky.

  2. Blue Moon: A blue moon occurs when there are four full moons in a season instead of the usual three. The third full moon in such a season is designated as a blue moon.

Why “Once in a Blue Moon”?

The phrase “once in a blue moon” originates from this rare occurrence. Tonight’s moon is both super and blue, making it a unique sight for skywatchers.

Viewing Tips

  • Time: The super blue moon will rise shortly after 7 p.m. EDT and reach its peak at 9:36 p.m. EDT. Check exact times for your region using the U.S. Navy moonrise calendar.

  • Appearance: Enjoy the moon’s full brilliance through Friday morning.

Remember to step outside and marvel at this cosmic spectacle!

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