Canada’s federal government established the Canada Revenue Agency (CRA) to manage national taxes and benefits. Many provincial governments also depend on the CRA to administer citizen benefits and taxes. Overall, Canadians receive services from federal, provincial, and territorial administrations.
Today, we will explore the various benefits provided by these administrations, and learn how Canadians can claim the benefits and credits they are entitled to receive.
What is Canada FPT?
The Canada FPT (Federal-Provincial-Territorial) Deposit is a form of financial support provided by the Canadian government. It encompasses various payments and credits administered by both federal and provincial/territorial governments.
These deposits appear in your bank account under the abbreviation “Canada FPT” and may include credits like the Canada Child Benefit (CCB), Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit, and other provincial and territorial benefits.
What are Canada FPT Benefits?
Canada FPT benefits are financial support provided through a collaborative system between federal, provincial, and territorial governments. These benefits include various credits and payments such as the Canada Child Benefit (CCB), GST/HST credit, Canada Workers Benefit, and specific provincial/territorial programs like the Ontario Trillium Benefit and Alberta Child and Family Benefit.
These benefits aim to promote economic growth, social welfare, and tax fairness and are managed by the Canada Revenue Agency (CRA) in conjunction with regional administrations.
We are listing All individual benefits here. First, we are adding benefits being offered by the Federal Administration.
Federal Administration CRA Benefits
The main benefits being offered by the CRA are-
- Canada Child Benefit (CCB): A tax-free monthly payment to help families with children under 18.
- GST/HST Credit: A quarterly payment to help individuals and families with low or modest incomes offset all or part of the GST or HST they pay.
- Canada Dental Benefit: Financial assistance for eligible dental care expenses.
- CAIP (now CCR)
- Canada Workers Benefit: A refundable tax credit to support low-income workers.
- Child Disability Benefit: A supplement for families caring for a child with a severe and prolonged impairment.
- Home Accessibility Tax Credit: Assistance for eligible home renovations to improve accessibility.
Provincial and Territorial Administration Benefits
- Alberta child and family benefit (ACFB)
- BC Family Benefit (BCFB)
- BC Climate Action Tax Credit (BCCATC)
- New Brunswick child tax benefit (NBCTB)
- New Brunswick harmonized sales tax credit (NBHSTC)
- Newfoundland and Labrador child benefit
- Newfoundland and Labrador income supplement
- Newfoundland Labrador disability amount (NLDA)
- Newfoundland and Labrador seniors’ benefit
- Northwest Territories child benefit
- Northwest Territories cost of living offset (NTCOLO)
- Nova Scotia Child Benefit (NSCB)
- Nova Scotia Affordable Living Tax Credit (NSALTC)
- Nunavut child benefit (NUCB)
- Nunavut carbon credit (NCC)
- Ontario trillium benefit (OTB)
- Ontario Child Benefit (OCB)
- Ontario senior homeowners’ property tax grant (OSHPTG)
- Prince Edward Island sales tax credit
- Saskatchewan low‑income tax credit (SLITC)
- Yukon Child Benefit (YCB)
- Yukon Government carbon price rebate – Individuals (YGCPRI)
Related:
- https://www.necorps.org/sss-pension-increase-in-july/
- https://www.necorps.org/philippines-senior-citizens-pension
- https://www.necorps.org/best-time-to-apply-for-social-security
What is Canada FPT Deposit?
When you see “dn canada fpt” on your bank statement, it indicates a deposit from a federal, provincial, or territorial benefit program. These deposits are processed by the CRA and may include various benefits you are entitled to receive.
What are Canada FPT Payment Dates?
CPP and OAS
- April 26, 2024
- May 29, 2024
- June 26, 2024
- July 29, 2024
- August 28, 2024
- September 25, 2024
- October 29, 2024
- November 27, 2024
- December 20, 2024
GST/HST Credit
- April 5, 2024
- July 5, 2024
- October 4, 2024
CANADA CHILD BENEFIT (CCB)
- April 19, 2024
- May 17, 2024
- June 20, 2024
- July 19, 2024
- August 20, 2024
- September 20, 2024
- October 18, 2024
- November 20, 2024
- December 13, 2024
ONTARIO TRILLIUM BENEFIT (OTB)
- April 10, 2024
- May 10, 2024
- June 10, 2024
- July 10, 2024
- August 9, 2024
- September 10, 2024
- October 10, 2024
- November 8, 2024
- December 10, 2024
ADVANCED CANADA WORKERS BENEFIT (ACWB)
- July 12, 2024
- October 11, 2024
ALBERTA CHILD AND FAMILY BENEFIT
- May 27, 2024
- August 27, 2024
- November 27, 2024
VETERANS DISABILITY PENSION
- April 29, 2024
- May 30, 2024
- June 27, 2024
- July 30, 2024
- August 29, 2024
- September 26, 2024
- October 30, 2024
- November 28, 2024
- December 23, 2024
CANADA CARBON REBATE
- April 15, 2024
- July 15, 2024
- October 15, 2024
At the moment, these dates are confirmed for the Canada FPT deposit in the upcoming days.