What Does FPT Stand For in a Bank Account?

FPT is an acronym used in Canada standing for Federal-Provincial-Territorial and is generally associated with documents and transactions associated with the Canadian government. FPT is commonly found as a bank code in Canadian bank accounts, as it appears as the sending-source reference code in accounts that receive transfers from the Canadian government.

Canadian Government Payments

FPT is frequently found as a bank reference code in Canadian bank accounts because there are several governmental social programs with broad eligibility that transfer funds directly into individual bank accounts. Two popular social programs that provide direct transfers to individual bank accounts using the FPT code are the GST rebates for low-income individuals and families program and the "Baby Bonus" program.

GST Rebates

Canada has a goods and services tax (GST), similar to a value-added tax, that is added to the purchase price of all nonexempt items, goods and services at the time of purchase. The GST is much like the sales tax that most Americans are used to, but services are taxed as well. Low-income Canadians can apply for a rebate of the GST taxes they have paid when they file their income taxes, and this amount is often remitted directly to their individual bank accounts under the bank reference code FPT.

"Baby Bonuses"

Following World War II, the Canadian government instituted a program to encourage family growth. A major pillar of this program was the National Child Benefit Supplement (NCBS), which is a monthly social benefit for low-income families with children. The NCBS is often referred to as the "baby bonus" and is usually credited directly to the bank accounts of the recipients using the bank code FPT.


Depending on your bank, the deposit might be referenced with the code CANADA FPT or just FPT.

FPT in Other Contexts

FPT is used in other contexts in Canadian government documents and websites, such as Canada's National Disaster Mitigation Strategy and the FPT Committee on Pest Management and Strategy.