OTB Payment Dates 2024: When Trillium Payment is Coming in 2024? All Details

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OTB Payment Dates 2024

In Ontario, the cost of living continues to rise, outpacing increases in household income, especially for essentials such as groceries, housing, and childcare. To support residents with low-to-moderate incomes, the provincial government introduced the Ontario Trillium Benefit.

OTB Benefits payment dates are eagerly anticipated by many across the country, as they provide crucial assistance to a significant portion of the population. Payments are based on the income tax filings from the previous year. For details on OTB Payment Dates 2024, payment methods, eligibility, and more, please refer to the information below.

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Understanding OTB Payments

The Ontario Trillium Benefit (OTB) is a refundable tax credit designed to support low-income families. It helps these households cover expenses such as property taxes, sales taxes, and energy bills.

The OTB includes several components: the Ontario sales tax credit, the Northern Ontario energy credit, and the Ontario energy and property tax credit. To qualify for this benefit, individuals must complete and submit the ON-BEN application form along with their tax return.

OTB Payment Dates Overview

Article TitleOTB Payment Dates 2024
CountryCanada
Scheme NameOntario Trillium Benefit
Next Upcoming OTB Payment DateJanuary 10, 2024
Payment AmountDepends on your status
More InformationFind Here

When Trillium Payment is Coming in 2024?

Your annual entitlement to the Ontario Trillium Benefit (OTB) is determined by your income tax and benefit return from the previous year. The Canada Revenue Agency (CRA) typically issues payments on the tenth day of each month, distributed over twelve installments.

In 2024, the Ontario Trillium Benefit payments are scheduled for the tenth day of every month. Additionally, if the tenth falls on a weekend or official holiday, payments are issued on the last working day before that date.

For detailed OTB Payment Dates in 2024, please refer to the table below.

Month OTB Payment Dates 2024
January 202410th Jan
February 20249th Feb
March 20248th March
April 202410th April
May 202410th May
June 202410th June
July 202410th July
August 20249th Aug
September 202410th Sept
October 202410th Oct
November 20248th Nov
December 202410th Dec

Furthermore, if your annual OTB entitlement for 2024 is $360 or less, you are eligible to receive a single lump-sum payment in the first payment month, usually July.

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OTB Payments Amount 2024

To calculate your total benefit from the Ontario Trillium Benefit (OTB), including amounts from the Ontario Sales Tax Credit (OSTC), Ontario Energy and Property Tax Credit (OEPTC), and Northern Ontario Energy Credit (NOEC), you can use Ontario’s Tax Credit Calculator or the Child and Family Benefits Calculator.

Payments under the $1360 OTB are primarily processed online. Recipients without a bank account will receive their payment via paper check, while those with a bank account will have the funds deposited directly into their account.

How to Get OTB Payments 2024

o qualify for the Ontario Trillium Benefit (OTB), you must submit your income tax and benefit return. Along with your tax return, completing the OEPTC and NOEC application forms is necessary. No separate application is needed for the OSTC; the CRA determines eligibility based on your tax return information.

Filing a tax return annually is mandatory to continue receiving the benefit, regardless of whether you have taxable income. Timely filing of taxes helps avoid payment delays.

For more information about the Ontario Trillium Benefit and other federal benefits in Ontario, you can visit the Canada Revenue Agency website or call 1-877-627-6645.

We appreciate your interest in reading about the Ontario Trillium Benefit through our platform.

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