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What Is Canada FPT? (2021)

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Have you received a Canada FPT deposit in your bank account?

Worry not, as Canada FPT is a Government deposit. FPT standing for Federal Provincial Tax Credit.

Recently, it has shown up for those who are receiving the Universal Child Care Benefit.

This has also previously shown up when receiving the Ontario Seniors’ Homeowners Property Tax Grant.

To be certain what this deposit is related to, if you have access to your CRA account online through the MyAccount portal, details of any payments from the government will be available in this portal. If you don’t have an account, you can easily set one up.

Check out our Canada PRO article or our Canada RIT article if that’s what your deposit is noted as.


Mia Nancy

Techie by heart, journalist by trade.