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, 2023
- April 5, 2023
- July 5, 2023
- October 5, 2023
As for the Canada Child Benefit, here are the 2023 CCB payment dates:
- January 20, 2023
- February 18, 2023
- March 20, 2023
- April 20, 2023
- May 19, 2023
- June 20, 2023
- July 20, 2023
- August 18, 2023
- September 20, 2023
- October 20, 2023
- November 20, 2023
- December 13, 2023
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.
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?
It could be your GST/HST credit, the Canada Child Benefit, the British Columbia Climate Action Tax Credit or a credit from any other Canada benefit program.
The easiest, quickest, and safest way to figure out what your Canada FPT deposit is for is by visiting CRA’s My Account. When you log onto your CRA account dashboard, you should see a message in the message section which will outline your credit amount and what the deposit was for. Alternatively, you can speak with CRA directly through the phone by calling them at 1-800-959-1956.
- How often do you get Canada FPT?
It depends on which program you are receiving the benefit for. The GST/HST credit and the BCCATC are both paid out quarterly, usually around the 5th of the month. The CCB is paid out monthly, usually around the 20th of the month, apart from the December payment which happens earlier in the month. The Ontario Senior Homeowner’s Property Tax Grant is paid once a year, about 4-8 weeks after receiving your prior year’s notice of assessment.