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Canada PRO Deposit 2024: Dates, Eligibility, and Amounts

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If you reside in Canada, you may wonder what the Canada PRO deposit in your bank account is for.

It is not clear from your bank statement where this money is from. However, with a little digging, we can tell you it is a Government of Canada payment on behalf of either the province of Ontario or Alberta.

If you are an Ontario resident, the Canada PRO deposit you received is most likely an Ontario Trillium Benefit comprising three tax credits (depending on which you qualify for):

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

If you are a resident of Alberta, Canada PRO payments are very likely related to the Alberta Child and Family Benefit (ACFB).

This benefit combines two other social assistance programs – Alberta Child Benefit and Alberta Family Employment Tax Credit.

Canada PRO Deposit Dates 2024

When you get your Canada PRO payment is dependent on the program you are eligible for as well as whether you are set up for direct deposits.

Ontario Trillium Benefit Payment Dates (Ontario Canada PRO)

Ontario Trillium payment dates in 2024 are as follows:

  • January 10, 2024
  • February 9, 2024
  • March 8, 2024
  • April 10, 2024
  • May 10, 2024
  • June 10, 2024
  • July 10, 2024
  • August 9, 2024
  • September 10, 2024
  • October 10, 2024
  • November 8, 2024
  • December 10, 2024

How Much Can You Expect?

Northern Ontario Energy Credit: Singles get up to $172, and the maximum benefit for families is $265.

Ontario Energy and Property Tax Credit: For this tax credit, you could get up to:

  • $1,194 if you are aged 18 to 64 years old
  • $1,360 if you are 65 years and older
  • $265 if you reside on a reserve or live in a public long-term care home
  • $25 if you are a student living in an eligible college, university, or private school residence

Ontario Sales Tax Credit: Payments are up to $345 for yourself, your spouse or partner, and each dependent child under 19 years of age.

Alberta Child and Family Benefit Payment Dates (Alberta Canada PRO)

  • February 27, 2024
  • May 27, 2024
  • August 27, 2024
  • November 27, 2024

How Much Can You Expect?

The ACFB you receive is based on your family’s income and the number of children.

There is a “base” amount that is not tied to income and a “working” component that increases with your income earned.

The maximum ACFB amounts are:

Number of ChildrenMaximum Base AmountMaximum Working Component
1 child$1,410$722
2 children$2,115$1,379
3 children$2,820$1,772
4 or more children$3,525$1,902
Source: Alberta.ca

If you have not set up direct deposit through your online CRA My Account, your cheques are sent in the mail.

Related: Alberta Affordability program.

Eligibility for a Canada PRO Deposit

The Ontario Trillium Benefit and Alberta Child and Family Benefit programs are administered by the Canada Revenue Agency (CRA).

To be eligible for Canada PRO deposits, you must meet the minimum requirements for each program.

1. Northern Ontario Energy Credit

This tax credit helps offset some of the home energy costs for Northern Ontario residents.

To qualify, you must live in Algoma, Cochrane, Kenora, Nipissing, Manitoulin, Parry Sound, Sudbury, and Thunder Bay.

For July 2023 to June 2024 payment period, you must also be at least one of the following before June 1, 2024:

  • 18 years of age or older
  • Have or previously had a spouse or common-law partner
  • A parent who lives or previously lived with your child

And, in 2022, you:

  • Rented or paid property tax for your main residence
  • Lived on a reserve and paid for your home energy costs
  • Lived in a public long-term care home, and you paid for a portion of your accommodation

2. Ontario Energy and Property Tax Credit

This tax credit helps offset some of your property taxes and the sales tax you pay on your energy bill.

To qualify for payments during July 2023 to June 2024 benefit period, you must be a resident of Ontario on December 31, 2022, and at least one of the following before June 1, 2023:

  • 18 years of age or older
  • Married or previously married or in a common-law relationship
  • A parent who lives or previously lived with your child

And, in 2022, you:

  • Rented or paid property tax for your principal residence
  • Lived on a reserve and paid your home energy costs
  • Lived in a public long-term care home and paid for your accommodation

3. Ontario Sales Tax Credit

Similar to the GST/HST credit, this benefit offsets part of the sales tax that Ontarians pay.

To qualify for benefits in 2023 (July 2023 – June 2024 benefit period), you must reside in Ontario and be at least one of the following:

  • 19 years of age or older
  • Married or previously married or in a common-law relationship
  • A parent who lives or previously lived with your child

4. Alberta Child and Family Benefit

The ACFB provides financial assistance to low-and middle-income families in Alberta who have minor children.

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

How To Apply For Canada PRO

You can apply for Ontario Trillium Benefit by simply filing your income tax return for the previous year.

For example, to receive benefits in the 2023-2024 payment period, your taxes must have been filed for 2022. For the 2024-2025 benefit period, your 2023 tax return is required.

You will also be submitting a completed ON-BEN Application Form along with your tax return.

Albertans are automatically considered for the ACFB when they file their tax returns and qualify for the Canada Child Benefit.

How Canada PRO is Paid

Canada Pro tax credits are administered by the CRA and are paid through direct deposit to your bank account.

If you haven’t set up direct deposit payments via your CRA MyAccount, Canada PRO payments are sent by cheque.

Ontario Trillium Benefits (OTB) greater than $360 are either paid monthly starting in July 2023 or as a one-time payment in June 2024.

OTB total payments of $360 or less are paid once in July 2023.

If your OTB is greater than $2 but less than $10, it is increased to $10. No payment is made if you qualify for OTB of $2 or less.

Alberta Child and Family Benefit (ACFB) amounts that are $10 for the installment payment period are consolidated.

Is Canada PRO Deposit Taxable?

Canada PRO Deposits are tax-free payments and do not impact your taxable income.

They should also not affect your eligibility for other social assistance programs and benefits.

Put Your Canada PRO Deposit To Use

While regular Canada PRO deposits in your bank account may feel like free money, you can use these payments to improve your financial life.

A few strategies to consider are:

1. Save in a high-interest account: Move your deposit to a high-interest savings account such as the free EQ Bank Savings Plus account and Neo Money account and earn a high interest rate. You can use this to hold your emergency funds while earning returns.

EQ Bank Personal Account

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Earn up to 4.00% interest

No monthly account fees or minimum balance

Unlimited debit transactions and e-Transfers

Free cashback card & no ATM fees

Supports mobile cheque deposits

Neo Savings Account

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4.00% non-promo interest rate

No monthly fees

Unlimited free transactions

Access to a no-annual-fee credit card

2. Invest and grow your portfolio: Open a low-cost investment account with Questwealth and enjoy automatic deposits, rebalancing, dividend reinvesting, and free financial advice.

Questwealth

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Professionally managed ETF portfolios

Multiple accounts & low fees

Auto rebalancing and div reinvesting

Invest $10K free in 1st year

Canada PRO FAQ

Why did I get money from Canada PRO?

Canada PRO deposits are benefits and social assistance payments made by the CRA on behalf of provinces. The most common examples are the Ontario Trillium Benefit and the Alberta Child and Family Benefit.

How often is Canada PRO paid?

Ontario Canada PRO is paid monthly, while Alberta and Nova Scotia Canada PRO payments are made in four instalments.

Is Canada PRO the same as GST?

GST and HST payments are quarterly tax-free benefits designed to help low-income Canadians offset the sales tax they pay. GST payments are different from Canada PRO and may show up in your bank account as Canada GST.

Still not sure what Canada PRO deposits relate to? You can visit your online CRA account to see the benefits listed on your profile.

You can also contact the CRA at 1-800-387-1193 to find out.

Related reading:

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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2 thoughts on “Canada PRO Deposit 2024: Dates, Eligibility, and Amounts”

  1. Gravatar for Jackline Pineo

    Hello there, What do I do if I didn’t get my Canada Pro this month.

    • Gravatar for Enoch Omololu, MSc (Econ)

      @Jackline: Best to contact the CRA at the phone number provided to inquire.

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