Archive for the ‘technology’ Category

Finding Your Money in Unexpected Places

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Most of us are guilty of shoving cash in our pant’s pockets, purses or jackets and then totally forgetting about it. Then, one day we put on a pair of jeans we have not wore in a while and “voila” – 20 bucks we forgot about. NICE! Finding money unexpectedly, regardless of the amount, is one of life’s simple pleasures.

This year we learned of another way you could find more of your lost money, and it may surprise you! Each year the Government of Canada issues payments to Canadians in the form of refunds, credits, or benefits. Believe it or not, some of these payments have gone uncashed by Canadians! Some may have been lost, stolen or in some other way just have never made it to you. In fact, according to the Government of Canada’s website:

“As of May 2019, approximately 5 million Canadians had an estimated 7.6 million uncashed cheques with the Canada Revenue Agency (CRA), dating back to 1998.”

Are you one of those Canadians with an unclaimed refund? Find out today by checking out the new “Uncashed Cheque” feature that the Government of Canada introduced in February 2020. To search for your “lost treasure”, you will need to open “My Account for Individuals” with CRA. CRA has excellent on-line guidance on how to set up your personal account. If you do have an uncashed cheque waiting for you, you are allowed to request a reissued payment from My Account. From My Account, you will find the option to apply in the right menu bar (see example).

Going forward, here are a couple easy ways to ensure you never miss a refund:

Our best wishes as you search and perhaps find all that is yours!

Embrace Technology While Physical Distancing

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Physical Distancing has left many of us starved for interaction with our family and friends. To fill this void, many are taking advantage of modern technology to help stay connected. Even folks who are not technically inclined are embracing Social Media, Video Conferencing, and WhatsApp for the first time – and finding technology not as intimidating as they once thought.

If you’ve put off investigating advances in technology, why not keep the education momentum going by using some of your unexpected downtime to explore the many ways technology is supporting consumers through COVID-19. We’re confident that when you do, you’ll find many useful tools that can make your life safer now as well as much easier in the days ahead. Here are a couple ideas to get you started.

Electronic Banking

Before COVID-19, many people were still enjoying the in-house banking experience. However, during this challenging time, the value of electronic banking has never been more evident. Consider some of the benefits:

  • Pay bills, cash cheques and transfer funds when it’s convenient for you – from the safety and privacy of your own home.
  • Replace hand-written cheques with automated payments or e-transfers, saving you time, postage, and paper.
  • Use your bank card, credit card or a Digital Wallet application to purchase products. One tap with your card and you’re done – instead of using cash that has been handled by a gazillion people (yuk)!

Sharing Information Electronically

It’s inevitable, snail mail and couriers are slowly being exchanged for electronic transmission of information. At Scarrow Yurman & Co. we’re encouraging our clients to get comfortable with ShareFile, our cloud based electronic file sharing application. COVID-19 has actually expedited this as our new standard for accepting and disbursing client information going forward. Here are some of the reasons why:

  • In these uncertain times, it’s a safer for everyone and a far more efficient way to exchange important documents as we do our best to keep up with challenging demands and deadlines
  • With electronic files there’s less chance of valuable documents being lost in a flood, fire or other natural disaster
  • Going paperless is sanitary, health smart as well as good for the environment

Of course, no technology is perfect, but we encourage you to do research and find what will work for you. Why not contact your bank to see the electronic services they have to offer. As always, feel free to contact our office to see the ways technology can assist you or your business in the days ahead.

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