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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 Asserts No Cost Limit on Mass Deportation Plan

 

In a recent interview, President-elect Donald Trump reiterated his commitment to a large-scale deportation plan, emphasizing that there would be "no price tag" on the effort to remove millions of undocumented immigrants from the United States. Trump stated that his administration would prioritize making the U.S. border "strong and powerful," and that the cost of the deportations was secondary to the necessity of the action.

Trump's plan, which he described as the "largest deportation effort in American history," aims to target undocumented immigrants involved in criminal activities, including drug lords and murderers. He argued that the deportations are essential for national security and public safety, despite the significant logistical and financial challenges involved.

Critics have raised concerns about the humanitarian and economic impacts of such a sweeping deportation policy. They argue that the removal of millions of immigrants could disrupt industries reliant on undocumented labor and lead to significant economic instability. Additionally, immigrant rights groups are preparing to challenge the plan through legal battles.

As Trump prepares to take office, the debate over his immigration policies continues to intensify, with both supporters and opponents gearing up for what promises to be a contentious issue in the coming months

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