A deposit labelled Canada FPT means the CRA paid you a federal-provincial-territorial credit. It's almost always the Canada Child Benefit or the quarterly Groceries and Essentials Benefit. Here's how to tell which one paid you.
Canada FPT is the bank statement label for federal-provincial-territorial tax credits paid by the CRA. It covers the Canada Child Benefit, the Groceries and Essentials Benefit (the renamed GST/HST credit), and provincial credits like BC's climate action tax credit.
Banks won't tell you the program, but the date and the amount will. Match your deposit against this table and you've identified it in seconds.
| When it arrived | Typical amount | The program | Full schedule |
|---|---|---|---|
| Around the 20th, monthly | Up to $679.75 per child under 6, up to $573 per child 6 to 17 | Canada Child Benefit Monthly, income-tested per family | CCB dates |
| Near the 5th of Jan, Apr, Jul, Oct | Up to $169.75 single or $222.50 couple, plus $58.50 per child, per quarter | Groceries and Essentials Benefit Quarterly, replaced the GST/HST credit in July 2026 | GST/CGEB dates |
| Same day as either payment above | Smaller amount added on top | Provincial credit BC climate action tax credit, BC Family Benefit and similar | All codes |
Every July, CRA benefits reset to a new benefit year calculated from your latest tax return, so July deposits change even when programs don't. July 2026 stacked two real increases on top of that reset: the CCB rose 2% with inflation indexation, and the new Groceries and Essentials Benefit replaced the GST/HST credit with a 25% raise locked in for 5 years.
A shrunken July deposit points the other way: your 2025 income rose and the income test trimmed the benefit, so it isn't an error. A missing one usually means the 2025 return wasn't filed, since the CRA can't calculate either program without it. Both situations show up under the same FPT label, which is why the label alone tells you so little.
The full schedules explain each program's rhythm: the GST and CGEB payment dates run quarterly and the CCB runs monthly, both listed on our Canada benefit payment calendar beside every other deposit the government sends.
FPT is one of four labels the government uses. Canada PRO carries provincial programs like the Ontario Trillium Benefit, Canada RIT is a tax refund, and Canada FED covers other federal payments. Each one maps to different programs, and they don't share dates.
Open the full deposit code decoderProgram facts come from the CRA's benefit payment dates pages on canada.ca. Amounts reflect the July 2026 to June 2027 benefit year. Last verified July 8, 2026; it's the same re-check process every page on this site follows, corrected within 24 hours when anything changes.