Canada Pro Deposit: Amounts and Payment Dates 2023

What Is The Canada Pro Deposit?

The Canada Pro deposit is a particular deposit issued by the CRA for Child and Family benefit programs to eligible individuals living in Ontario and Alberta.

Canada Pro deposit payments are non-taxable benefit payments aimed at providing monetary assistance to low-income and moderate-income earning individuals and families to help them meet the costs of living expenses and necessities and to provide for themselves and their families.

A Canada Pro deposit payment shows payment for the Ontario Trillium Benefit (OTB) if you live in Ontario. Alternatively, if you are an Alberta resident, a Canada Pro deposit payment represents an Alberta Child and Family Benefit (ACFB) payment.

Ontario Trillium Benefit (OTB)

The Ontario Trillium Benefit (OTB) is a government-sponsored non-taxable benefit payment made to low-income and moderate-income Ontario residents to help them meet the costs of energy as well as sales and property taxes.

The CRA issues the payments on behalf of the provincial government of Ontario.

The Ontario Trillium Benefit (OTB) is made up of three tax credit programs, which are:

• The Northern Ontario Energy Credit
• The Ontario Energy and Property Tax Credit
• The Ontario Sales Tax Credit

Northern Ontario Energy Credit

The Northern Ontario Energy Credit is a tax-exempt benefit payment made to eligible individuals to enable recipients to meet the higher home energy costs faced by residents of Northern Ontario in:

• Algoma
• Cochrane
• Kenora
• Manitoulin
• Nipissing
• Parry Sound 
• Rainy River
• Sudbury
• Thunder Bay
• Timiskaming

To be eligible for the Northern Ontario Energy Credit in 2023, you must have been a Northern Ontario resident by December 31, 2021, and meet at least one of the following criteria before June 1, 2023:

• You must be at least 18 years old.
• You must have or have previously had a spouse or common-law partner.
• You must be a parent and live or have previously lived with your child.

In 2021, you must have:

• Paid rent or property tax for your main residence.
• Resided on a reserve and paid for your home energy expenses.
• Lived in a public long-term residential care home and paid for some of your accommodation fees.

Where you live on the first day of each month also determines your eligibility.

Ontario Energy And Property Tax Credit

The Ontario Energy and Property Tax Credit is a non-taxable benefit payment made to eligible Ontario residents to help them pay for property and sales taxes on energy costs.

To be eligible for the Ontario Energy and Property Tax Credit, you must have been an Ontario resident by December 31, 2021. You must also meet at least one of the following criteria before June 1, 2023:

• You must be at least 18 years old.
• You must have or have previously had a spouse or common-law partner.
• You must be a parent who lives or has previously lived with their child.

You must also have done any of the following in 2021:

• You paid property tax for your residential home.
• You resided on a reserve and paid your home energy bills.
• You lived in a public long-term residential care home and paid part of your accommodation fees.

As before, your eligibility is also affected by where you live on the first day of each month.

Ontario Sales Tax Credit

The Ontario Sales Tax Credit is also a non-taxable benefit payment to enable eligible individuals to meet the costs of the sales taxes they pay.

To be eligible to receive the Ontario Sales Tax Credit, you must be a resident of Ontario and meet at least one of the following criteria before June 1, 2023:

• You must be 19 years or older.
• You must have or have previously had a spouse or common-law partner.
• You must be a parent and live or have previously lived with your child.

Alberta Child And Family Benefit (ACFB)

The Alberta Child and Family Benefit (ACFB) is a Child and Family benefit that provides financial support to eligible low-income and middle-income earning Albertan families. This support is intended to help provide basic needs for low-income families and meet the costs of raising children under 18.

The program was introduced in July 2020 to serve as a replacement for the Alberta Child Benefit (ACB) and the Alberta Family Employment Tax Credits (AFETC). The CRA administers the program on behalf of the Provincial Government of Alberta.

To be eligible to receive the Alberta Child and Family Benefit (ACFB), you must:

• Be a resident of Alberta.
• File your income tax returns every year.
• Meet the income criteria.
• Have a child or children under the age of 18.

Canada Pro Deposit Payment Dates For 2023

Eligible individuals will receive their Canada Pro deposit payments on the payment dates of each of the constituent benefits they are eligible for. In other words, Ontario residents will receive Canada Pro deposit payments on the OTB payment dates, whereas Alberta residents will receive theirs on the ACFB payment dates.

Ontario Trillium Benefit (OTB) Payment Dates 2023

The Ontario Trillium Benefit (OTB) payments are made on the 10th day of every month. If you are eligible for the Ontario Trillium Benefit (OTB), you will receive your benefit payments on the following dates:

• January 10, 2023
• February 10, 2023
• March 10, 2023
• April 10, 2023
• May 10, 2023
• June 9, 2023
• July 10, 2023
• August 10, 2023
• September 8, 2023
• October 10, 2023
• November 10, 2023
• December 8, 2023

If your Ontario Trillium Benefit (OTB) payments are delayed, you should wait for at least ten business days before contacting the CRA.

Alberta Child And Family Benefit (ACFB) Payment Dates 2023

The Alberta Child and Family Benefit (ACFB) payments are made quarterly. Eligible individuals will receive their payments on the following dates in 2023:

• February 27, 2023
• May 26, 2023
• August 25, 2023
• November 27, 2023

Canada Pro Deposit Payment Amounts

The amount of money you may receive for the Canada Pro deposit is the sum of the provincial benefits you're eligible to receive.

Ontario Trillium Benefit (OTB): How Much Can You Receive?

The OTB payment amount depends on the particular tax credit program you're eligible for.

Payment Amounts For The Northern Ontario Energy Credit

If you are eligible for the Northern Ontario Energy Credit, the maximum amount you may receive is:

• $162 if you are single.
• $249 if you have a family.

Payment Amounts For The Ontario Energy And Property Tax Credit

If you are eligible for the Ontario Energy and Property Tax Credit, you could receive a maximum amount of:

• $1,121 if you are aged 18 to 64 years old. 
• $1,277 if you are above 65 years old.
• $249 if you are in a public long-term residential care home or live on a reserve.
• $25 if you lived in a university or private school residence or in a designated college in 2021.

Payment Amounts For The Ontario Sales Tax Credit

If you are eligible for the Ontario Sales Tax Credit, you may receive up to $324. You can also receive an additional payment of:

• Up to $324 for each child or dependent you have under the age of 19 on the first day of each benefit month.
• Up to $324 for your spouse or common-law partner.

Alberta Child And Family Benefit (ACFB): How Much Can You Receive?

The amount of money you may receive for Alberta Child and Family Benefit (ACFB) depends on the number of children you have under 18 and your family income.

The Alberta Child and Family Benefit (ACFB) has two components:

• The base component
• The working component

The base component provides financial support to low-income families and individuals whether or not they earn an employment income.

The working component provides benefit payments to individuals and families when their employment income exceeds $2,760.

The maximum amount you may be eligible to receive for Alberta Child and Family Benefit (ACFB) is as follows:

Number of Children	Maximum Base Component	Maximum Working Component
1	$1,330	$681
2	$1,995	$1,301
3	$2,660	$1,672
4	$3,325	$1,795

You can also use the Child and Family Benefits Calculator from the CRA to calculate how much you may be eligible to receive.

If you receive the base component, your ACFB payment amount will start reducing once your family income becomes greater than $24,467.

For the working component, reduction starts when your family income becomes greater than $41,000, and your benefit payments will stop completely when your family income reaches $61,000.

How To Apply For The Canada Pro Deposit

To apply to receive the Canada Pro deposit, you need to apply for the individual programs paid for by Canada Pro.

How To Apply For The Ontario Trillium Benefit

To apply for the Ontario Trillium Benefit (OTB), you must file your income tax and benefit returns each year, even when you do not earn any income. You should also complete the ON-BEN Application Form, include the form in your tax return package, and submit it.

The information you provide on your income tax and benefit returns is what the CRA uses to determine your eligibility and the amounts you may be eligible to receive.

You should file your income tax returns before April 30 of each year. 

If you have a spouse or common-law partner, you do not have to fill out the application form if you are applying for the Ontario Sales Tax Credit. However, to receive the Northern Ontario Energy Credit

and the Ontario Energy and Property Tax Credit, you will need to complete the form.

You can apply to receive your Ontario Trillium Benefit (OTB) by direct deposit using the CRA My Account service or by filling out the Canada direct deposit enrollment form.

For help or inquiry, contact the CRA at 1-800-959-8281. 

Applying For The OTB If You're 17

If you’re 17 and you become 18 years old before the end of each benefit year in June, you should file your income tax returns and complete the form to be assessed for the Ontario Trillium Benefit (OTB).

How To Apply For The Alberta Child And Family Benefit (ACFB) 

If you file your income tax and benefit returns and already receive the federal Canada Child Benefit (CCB), you will be automatically reassessed for the Alberta Child and Family Benefit (ACFB). You do not need to go through any other application process.

However, if you do not receive the Canada Child Benefit (CCB), you must first apply to receive it before you may receive the ACFB. You can apply for the CCB here.

For help or inquiry on financial assistance, contact Alberta Supports at 1-877-644-9992. 

How To Confirm Your Canada Pro Deposit Payments

When you receive a deposit filed under the Canada Pro code, you should first confirm what the deposit payment is meant for.

This is because there are times when the government sends out payments to the wrong people, and although it is not your fault, you might still get in trouble.

So, to confirm what the Canada Pro deposit payment you received is meant for, you can log into your CRA My Account and check for any messages, emails, or notifications from the CRA regarding the deposit payments.

If there are no notifications from the CRA concerning the deposit payments and you find out that you are not eligible for any of the benefit programs paid by the Canada Pro deposit, you should contact the CRA immediately.

However, if there are notifications from the CRA confirming that you are indeed receiving a payment from one of the Canada Pro benefit programs you are eligible for, you can then use the money however you want.

How Canada Pro Payments Are Made

Canada Pro deposit payments are issued by the CRA and paid to eligible recipients by direct deposit or cheque.

If the Ontario Trillium Benefit amount you are eligible to receive is:

• More than $360, you will have to choose whether you want to receive your payment every month starting in July or as a lump sum payment in June.
• Less or equal to $360, you will receive your payment as one lump sum in July 2023.
• Greater than $2 but less than $10, you will receive $10 paid in one lump sum.
• Less or equal to $2, you will not receive any benefit payment.

You should file your taxes before April 30 to receive your payments on time; otherwise, your benefit payments may be delayed.

You can receive your OTB payments by direct deposit if you already receive your tax refunds by direct deposit.

If you do not receive your tax refunds by direct deposit, your Ontario Trillium Benefit payment amount will be mailed to you on the 10th day of each benefit month starting in July.

In the case of the Alberta Child and Family Benefit, if the amount you're eligible to receive is less than $10, you may receive your payments less frequently than on the set payment dates.

Canada Pro Deposit: Is It Taxable?

Canada Pro deposit payments are entirely tax-free. The Ontario Trillium Benefit (OTB) and Alberta Child and Family Benefit (ACFB) are both non-taxable payments.

This means you don't have to include these payments as taxable income when filing your income tax and benefit returns. You also don't owe taxes deductible from your Canada Pro deposit payments.

However, you still need to file your income tax and benefit returns yearly to keep receiving the benefits.

Other Government Deposits

Aside from the Canada Pro deposit, the Canadian government also makes deposits filed under other codes like the Canada Fed, Canada RIT, and the Canada FPT. All these codes or descriptions are used to issue payments to eligible beneficiaries of different government-funded benefit programs. Here's a brief description of what these codes mean:

Canada FPT Deposit

Canada FPT stands for Canada “Fed-Prov-Terr.” The CRA issues these deposits to cover several provincial and territorial benefit programs.

For example, the Canada FPT deposit is paid to individuals who are eligible for any of the following programs:

• Canada Child Benefit (CCB)
• Goods and Services Tax/Harmonized Sales Tax, or GST/HST
• Some provincial and territorial benefit programs like the British Columbia Climate Action Tax Credit (BCCATC), the Ontario Senior Homeowners' Property Tax Grant, and others.

Canada RIT Deposit

Canada RIT stands for Canada Refund Income Tax rebates and is issued by the CRA to eligible tax-paying Canadians on behalf of the federal government.

The benefit amount you may be eligible to receive depends on your taxable income and how much you have paid to the CRA in taxes for the tax season.

Usually, you may receive your Canada RIT payment between one to six weeks after filing your annual income tax return. However, if your tax return has to be reassessed, you may receive the payment at a later date.

Canada Fed

The Canada Fed is a caption used to reference some payments made by the CRA on behalf of some benefit programs sponsored by the federal government.

Some of these benefits programs include:

• The GST/HST credit
• The Canada Workers Benefit (CWB)
• The monthly Canada Child Benefit (CCB)
• Other supplemental benefit programs

The Canada Fed deposit payments are non-taxable, hence, you do not need to include them as taxable income when filing your income tax returns.

In Summary

The Canada Pro deposit is a non-taxable payment made to eligible Ontario residents for the Ontario Trillium Benefit (OB), or eligible Alberta residents for the Alberta Child and Family Benefit (ACFB). The CRA issues these payments on behalf of the provincial governments of Ontario and Alberta.

The amount you may be eligible to receive for the Canada Pro deposit depends on how much you are entitled to receive from either the Ontario Trillium Benefit or the Alberta Child and Family Benefit.

To keep receiving the benefits you must file your income tax and benefit returns every year.

Canada Pro Deposit FAQs

What is a Canada Pro Deposit in my bank account?

Canada Pro deposit in your bank account statement means that you have received benefit payments from the CRA for the Ontario Trillium Benefit (OTB) if you are an Ontario resident or for the Alberta Child and Family Benefit (ACFB) if you live in Alberta.

Who gets Canada Pro deposits?

You get a Canada Pro deposit if you are eligible for the component benefit programs paid for by Canada Pro.

To be eligible for the Canada Pro in Ontario, you need to be an Ontario resident, be at least 18 years old, and be a low-income earner, among other criteria.

To be eligible for the Canada Pro in Alberta, you need to be an Alberta resident, be at least 18 years old, have a child or children under 18 years old, meet the income criteria.

Whether you live in Ontario or Alberta, you must file your income tax returns annually to receive Canada Pro deposits.

How often is Canada Pro paid?

The Canada Pro deposit is paid monthly or quarterly, depending on the benefit program you may be eligible for. The Ontario Trillium Benefit (OTB) payment is made every month, but you can choose to receive the benefit payment as one lump sum. In the case of the Alberta Child and Family Benefit (ACFB), payments are made quarterly.

Is Canada Pro taxable?

No, the Canada Pro deposit is a non-taxable payment made to eligible individuals. Both the Ontario Trillium Benefit (OTB) and the Alberta Child and Family Benefit (ACFB) payments are tax-free, so you do not have to include the Canada Pro payments as taxable income when filing your income tax and benefit returns. You also do not owe taxes deductible from the Canada Pro payments you receive.