What is Canada FPT & When Will I Get It

Did you get a deposit from “Canada FPT” and you’re unsure what it’s all about? Not to worry –  Canada FPT is short for the Federal, Provincial, Territorial tax credit.

This kind of credit is most often from one of two things: either the GST/HST credit, or the Canada Child Benefit (CCB).

However, it could also be from other Canada benefit programs like the British Columbia Climate Action Tax Credit or the Ontario Senior Homeowner’s Property Tax Grant.

Canada FPT Payment Dates

The Canada FPT payment dates depend on which benefit you’re getting.

The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit and the British Columbia Climate Action Tax Credit (BCCATC) are both paid out quarterly on the following dates:

  • January 5, 2021
  • April 1, 2021
  • July 5, 2021
  • October 5, 2021

As for the Canada Child Benefit, here are the 2021 CCB payment dates:

  • January 20, 2021
  • February 19, 2021
  • March 19, 2021
  • April 20, 2021
  • May 20, 2021
  • June 18, 2021
  • July 20, 2021
  • August 20, 2021
  • September 20, 2021
  • October 20, 2021
  • November 19, 2021
  • December 13, 2021

The day when your Canada FPT was paid out might give you some insight on which of the above programs the payout could be for.

Family holding Canada flags

Who is Eligible for a Canada FPT Deposit?

Different credits have different eligibility requirements.

To be eligible for the GST/HST credit, you must be a Canadian resident for income tax purposes in the month prior to the payment being made, and at the beginning of the month the payment is made.

Also, one of the following must apply:

  • You are at least 19 years old or above
  • You have, or had in the past, a spouse or common-law partner
  • You are, or were in the past, a parent who lives or lived with your child

To be eligible for the CCB, you must be a Canadian resident for income tax purposes.

Also, all of the following must apply:

  • You must live with a child under 18 years old
  • You must be the one primarily responsible for the child
  • You or your spouse/common-law partner must be one of the following:
    • Canadian citizen
    • Permanent resident
    • Protected person
    • Temporary resident who has lived in Canada for the previous 18 months, and who has a valid permit in the 19th month
    • Indigenous person who meets the definition as per the Indian Act

To be eligible to receive the BCCATC credit, you must be a resident of B.C. and:

  • Be a minimum of 19 years old, or;
  • Have a common-law partner or spouse, or;
  • Have a child whom you live with.

How to Get More Details About Your Tax Return

The easiest, quickest, and safest way to get more information about your Canada FPT deposit is by visiting your CRA My Account.

When you log onto your CRA account dashboard using your preferred login method, you should see a message in the message section which will outline your credit amount and what the deposit was for.

Signing up for online access through My Account is a great idea regardless, since you can have instant access to your personal tax information at the click of a few buttons, as opposed to waiting on hold or having to wait until CRA business hours.

On My Account, you can also review your Notice of Assessment (NOA), Notice of Reassessment (NOR), information about your filed taxes, and other tax-related information.

Alternatively, you can speak with CRA directly over the phone by calling them at 1-800-959-1956 for income tax refund enquiries

Frequently Asked Questions

  • Why did I get Canada FPT?
  • How often do you get Canada FPT?

Tara Al-Khudairi is a freelance personal finance writer who has worked in the financial services industry since 2017. She graduated from McMaster University with a degree in Finance and is pursuing her CFA.

She has worked at a major Canadian financial institution in various client-facing advisory roles, starting as a bank teller and working up to a Client Services Associate within the Asset Management division. She specializes in simplifying concepts of personal finance for people of various financial backgrounds.

When she’s not examining the markets looking for the next SHOP.TO, she’s either practicing yoga, planning her next vacation, or has her nose buried deep in a book.