What is Canada PRO Deposit in My Bank Account? (2021)

What does the Canada PRO deposit in your bank account refer to? If you are a resident of Ontario or Alberta, the Canada PRO deposit you have received in 2021 is likely related to either the:

  • Ontario Trillium Benefit, or
  • Alberta Child and Family Benefit

Read on to learn about Canada PRO deposit dates, eligibility, taxation, and more.

What is Canada PRO Deposit?

Canada PRO is a Government of Canada payment for the province of Ontario and Alberta.

Ontarians who see this deposit on their bank statement are probably recipients of the Ontario Trillium Benefit which is made up of the following tax credits:

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

Albertans who get a Canada PRO deposit are likely eligible for the Alberta Child and Family Benefit (ACFB), a financial assistance program that was formerly made up of two different programs:

  • Alberta Child Benefit (ACB)
  • Alberta Family Employment Tax Credit (AFETC).

Who is Eligible for Canada RPO Deposit?

To receive a Canada PRO deposit in Ontario, you must be eligible for at least one of the Ontario Trillium Benefit Credits (OTB).

The current benefit period runs from July 2021 to June 2022.

We summarize each credit below and their eligibility requirements.

1. Northern Ontario Energy Credit

This tax helps offset the high home energy costs in Northern Ontario including places like Manitoulin, Nipissing, Rainy River, Thunder Bay, Kenora, Algoma, Sudbury, Cochrane, and Timiskaming.

To qualify for the current benefit period, you must reside at an eligible location and meet one of these conditions before June 1, 2022:

  • At least 18 years old
  • Currently or previously married or in a common-law relationship
  • Live or previously lived with your child

In the previous year (2020), you must also have either:

  • Paid property tax from your main residence or rented
  • Paid your home energy costs while living on a reserve, or
  • Lived in a public long-term care home

How much will you get?

The maximum benefit for singles is $158 while families can get up to $243.

2. Ontario Sales Tax Credit

The tax credit helps offset the sales taxes Ontarians pay.

To be eligible for the current benefit period (July 2021 – June 2022), you must be at least 19 years old, currently or previously married (or in a common-law relationship), or be a parent who lives or previously lived with your child.

How much will you get?

The maximum Ontario Sales Tax Credit benefit is $316.

You can also get up to $316 for a spouse, common-law partner, or a dependent child under 19.

3. Ontario Energy and Property Tax Credit

This tax credit helps offset your bill for property taxes and the sales tax on energy expenses.

To qualify for the OEPTC benefit, you must be a resident of Ontario and meet one of the following conditions before June 1, 2022:

  • Be at least 18 years old
  • Be currently or previously married or in a common-law relationship
  • Be living or have previously lived with your child.

Also, in the previous year (2020), you should have either:

  • Paid property tax on your main residence or rented
  • Paid for your home energy costs while living on a reserve
  • Lived in a public long-term care home

How much will you get?

The maximum OEPTC benefit in 2021 is:

  • If you are 18-64 years old: $1,095
  • If you are 65 years of age or older: $1,247
  • If you live on a reserve or in a public long-term care home: $243
  • If you are an eligible student: $25

To receive a Canada PRO deposit in Alberta, you must qualify for the Alberta Child and Family Benefit.

Alberta Child and Family Benefit (ACFB)

This financial assistance benefit is provided to low and modest-income families with minor children.

To be eligible, you must have one or more children under 18, reside in Alberta, file your annual tax return, and meet the income threshold.

How much will you get?

The maximum ACFB amounts are:

Number of ChildrenMaximum Base ComponentMaximum Working Component
1 child$1,330$681
2 children$1,995$1,301
3 children$2,660$1,672
4+ children$3,325$1,795
Source: Alberta.ca

The ‘working’ component is paid when an eligible family earns more than $2,760 and increases at a rate of 15% per dollar above this threshold.

The maximum ‘base’ component is received when the family income is $24,467 or less.

Canada PRO Deposit Dates in 2021

Canada PRO payments are received on these dates:

Ontario Trillium Benefits

  • January 8, 2021
  • February 10, 2021
  • March 10, 2021
  • April 9, 2021
  • May 10, 2021
  • June 10, 2021
  • July 9, 2021
  • August 10, 2021
  • September 10, 2021
  • October 8, 2021
  • November 10, 2021
  • December 10, 2021

Alberta Child and Family Benefit

  • February 26, 2021
  • May 27, 2021
  • August 27, 2021
  • November 26, 2021

If your ACFB deposit is under $10, it may be paid as a lump sum.

How To Apply for Canada PRO

Your eligibility for the Ontario Trillium Benefit is automatically assessed when you file your income tax return and complete the ON-BEN form.

The CRA administers the ACFB on behalf of the Alberta government and all you need to do is file your annual tax return.

Is Canada PRO Taxable?

Canada PRO is not taxable and you don’t need to report the amount received as income.

That said, you should file your taxes even if you don’t have an income to report. The CRA uses your tax return to assess whether you qualify for OTB and ACFB.

Canada PRO FAQs

When is Canada PRO paid?

Ontario Canada PRO is paid every month and Alberta Canada PRO is paid every quarter.

What can I use Canada PRO for?

These benefits are yours to spend as you will. You can put the funds towards your savings or investments e.g. TFSA and RRSP.

Will my Canada PRO deposit increase?

Your Canada PRO deposit may increase based on your family size, residence, how much you paid in property tax, and age.

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