What Does a CTC/CIE Deposit to My Bank Account Come From?

September 19th, 2017

CTC/CIE is one of the more unusual acronyms you’ll come across when it comes to identifying the source of various deposits and withdrawals in your Canadian bank account.

CTC/CIE stands for the Child Tax Credit, which is a federal program for families with children under the age of 18. (This used to be called the “Baby Bonus” back your mom’s day…)

You’ll likely see the CTC/CIE deposit monthly. Now you know! And if, like the rest of us you’re wondering what the Canada PRO payment is, we’ve got info about that too.