A phish with this or similar subject line started circulating around in the weekend.
Note the long domain name of the sender which is neither microsoft.com nor uvic.ca. Malicious actors register domain names for their phishing campaigns. This one in particular is made to look legit by starting with “automaticscheduled..” As usual the goal is to steal credentials. (it leads to a fake login page).
Other suspicious indicators are: You never paid for M365, so why pay for renewal? Why in USD? The actual domain of the link is neither microsoft.com, nor uvic.ca. You can see it by hovering on it with the mouse cursor.
Please do not be curious and do not click such links – sometimes they can contain malware to infect your computer instantly.