In Canada, FPT stands for “Federal-Provincial/Territorial Tax” Credit, and the deposit is used to fund a variety of government aid programs. However, if your bank statement shows a deposit with this entry, it implies you’ve received the GST/HST credit or Canada Child Benefit (CCB). In most cases, the Canada FPT deposit is used to pay for the Canada Child Benefit (CCB), a credit for federal GST/HST, and, more recently, for the BC Climate Action Tax Credit or other provincial schemes that are similar to it. On your bank statement, FPT deposits from Canada are sometimes called “Fed-Prov/Terr Canada” or “FPT.” […]