If you see a deposit on your bank statement with the entry "Canada FPT," it means you have received a Federal-Provincial-Territorial tax credit from the Canadian government. The Canada FPT deposit is a non-taxable payment and is used for a number of government benefit programs. The most common programs that use the Canada FPT deposit are the Canada Child Benefit (CCB) and the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) credit. Other provincial benefits that are administered through the Canada Revenue Agency (CRA) may also be paid under the "FPT" code, including the British Columbia Climate Action Tax Credit and the Ontario Senior Homeowners Property Tax Grant.

Canada FPT payments are distinct from Canada Fed payments, which cover a different set of government programs. The payment dates for Canada FPT deposits depend on the program you are eligible for. For example, the payment dates for the CCB in 2023 are on the 20th of each month, except for May and August, which are on the 19th and 18th, respectively.

If you are unsure why you received a Canada FPT deposit, you can check your CRA My Account to see if there are any notifications from the CRA concerning the deposit. If there are no notifications, you can contact the CRA for more information.