Canada PRO Deposit Dates: Check different details on Canada PRO Deposit Dates: What is Canada PRO Deposit and How Does it Work? from this article. Various details about Canada PRO Deposit Dates: What is Canada PRO Deposit and How Does it Work? and other noteworthy details are included in this article.
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Canada PRO Deposit Dates
When someone receives a Canada PRO Deposit in their bank accounts, it means that they have received financial assistance from the government because they were eligible.
The PRO payments are generally deposited in Ontario and Alberta. In Ontario, the PRO Deposit is made on every 10th day of the month. Whereas in Alberta, the PRO Deposit is made every quarter.
What is Canada PRO Deposit?
The Canada PRO Deposit is made when a person qualifies for provincial assistance programs. In Ontario, the PRO Deposit is made for the Ontario Trillium Benefit. Whereas in Alberta, the PRO Deposit is made for Alberta Child and Family Benefit.
Canada PRO Deposit Dates
Being provincial programs, these programs are not available for the residents of other provinces. In addition, each program has its own qualifying requirements, and people don’t usually have to apply for them. This is because the CRA evaluates whether someone is eligible to get the PRO Deposit based on their tax returns.
If their income in a particular tax year qualifies for the ACFB or OTB, they will be automatically considered for the PRO Deposit. The amount delivered as the Canada PRO Deposit is a tax-free amount, which means that the citizens who get this deposit don’t have to report it.
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What are the Canada PRO Deposit Dates?
Although PRO Deposits are intended for provincial programs, they are not administered by the provincial government. Instead, the Canada Revenue Agency is in charge of making the payments.
The Canada PRO Deposit Dates (2023) for the OTB are:
- Jan 10
- Feb 10
- March 10
- April 6
- May 10
- June 9
- July 10
- August 10
- September 8
- October 10
- November 10
- December 8
People who believe that they meet the eligibility requirements for any one of the OTB Components but haven’t received the payments within 10 days of these dates should contact CRA.
The Canada PRO Deposit Dates (2023) for the ACFB are:
- Feb 27
- May 26
- Aug 25
- Nov 27
People who believe that they meet the eligibility requirements for ACFB but haven’t received the payments within 5 days of these dates should contact CRA.
CRA keeps updating the benefit payment dates. These dates can be learned through the authorized website of the Canadian Government.
How Does it Work?
When a person files their income tax return, the CRA accesses the return and checks the person’s eligibility for any applicable benefit program they can get in their province.
The Canada PRO Deposit includes 4 main benefit programs. Out of these 4 benefit programs, 3 are available as one program in Ontario (OTB), whereas the 1 benefit program is available in Alberta.
ONTARIO: The PRO Deposit is based on OTB. OTB has 3 credits – Northern Ontario Energy Credit, Ontario Energy and Property Tax Credit, and Ontario Sales Tax Credit. If a person qualifies for any one of these credits, they will receive PRO Deposit into their bank account.
Each credit in the OTB has a different eligibility requirement and maximum credit amount. For more information on each of these credits and their respective eligibility requirements, people can visit the authorized website of the Government of Ontario.
- NOEC: Single People can receive up to $172, and Families can receive up to $265.
- OEPTC: People aged from 18 to 64 years can receive up to $1,194, and people aged over 65 years can receive up to $1,360.
- OSTC: People can receive a maximum amount of $345.
ALBERTA: The PRO Deposit is based on the ACFB program. This is for families having lower household incomes and children under 18 years old. Families can receive a PRO Deposit of the ACFB Program if they file their tax returns and qualify for CCB.
This program consists of 2 components:
Base Component: People having 1 child can receive up to $1,410, people having 2 children can receive up to $2,115, and people having 3 children can receive up to $2,820. If they have 4 or more children that are eligible, they can receive up to $3,525.
Working Component: If a person has 1 child, they can get up to $722; for 2 children, they can get up to $1,379; for 3 children, they can get up to $1,772. If they have 4 or more children, they can get up to $1,902.
