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Affirm

BNPL Expands into Tax Filing

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Affirm has partnered with H&R Block Canada to offer buy now, pay later installment plans for professional tax preparation services.

The integration marks the first time a major Canadian tax provider has embedded Affirm’s pay-over-time option. Eligible clients can split fees into fixed installments with transparent pricing, no late fees, and no compounding interest. The option is available in participating offices and will expand online. The move signals BNPL’s expansion beyond retail into essential financial services, as providers seek growth in recurring and seasonal categories like tax filing.

Want to know more? Check out the source code on Fintech.ca.

Study Shows Credit Card Terms Harder to Understand Than Tax Forms

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New national research from Affirm shows Canadians rely heavily on credit cards yet struggle to understand how they work, with financial consequences. In a survey of 1,501 adults, only 41% ranked credit card terms among the easiest documents to interpret—far behind medication labels and even tax forms.

Fifty-nine percent said hidden or unexpected fees disrupt their budgeting, while one-third believe credit cards fail to reflect their real financial circumstances. With half of cardholders carrying balances for months, interest charges compound quickly. Affirm argues Canadians want clearer, more predictable tools built on transparency.

Want to know more? Check out the source code on Fintech.ca.

Shopify Expands BNPL Partnership with Affirm

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Shopify is expanding its buy now, pay later (BNPL) partnership with Affirm beyond the U.S., launching Shop Pay Installments in Canada and soon in the UK. Affirm will serve as Shopify’s exclusive BNPL provider in these markets. Shopify COO Kaz Nejatian called the move a “no-brainer” given the program’s U.S. success.

Canadian merchants can soon offer customers biweekly or monthly payment plans with terms up to 24 months and 0% APR options. Affirm CEO Max Levchin says merchants worldwide are eager for this feature, setting the stage for further global BNPL expansion.

Want to know more? Check out the source code on Fintech.ca.