You might have noticed a deposit in your bank account tagged Canada FPT or Fed-Prov/Terr and wondered what it could mean. This piece will help you to understand the Canada FPT deposit and the payment dates for 2022. Many Canadians are unaware of the importance of filing their tax return annually and the benefits attached …
As a citizen or resident in any Canadian province or territory, it is a legal requirement and responsibility for everyone to pay and file tax returns. As the revenue service of the Canadian government, the Canada Revenue Agency (CRA) is saddled with the task of collecting taxes, administering tax laws policies, and delivery of benefit …
Canada RIT is a tax refund from the Canada Revenue Agency (CRA) often in form of a direct deposit. Canada RIT deposit is not something you see often in a Canadian bank statement. Whenever it reflects in your bank account, it is essential to know what it is and how it relates to you and …
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