Trillium Payment Dates 2024 OTB Lump Sum, Amount, Payment Schedule Check

Take a closer look at this article to discover important details about Trillium payment dates for 2024, including how much you’ll receive, when you’ll get it, and the schedule for payments.

Trillium Payment Dates 2024

The Trillium benefit is a program in Ontario designed to help families with lower incomes cover their energy and tax expenses. Payments are scheduled for the 10th of each month, except on weekends or holidays, when they’re made on the last business day before the 10th.

Upcoming payments are expected on October 10, November 10, and December 8, 2023. You can choose to receive your payment by direct deposit or check for quicker and reliable access to your benefits. For more details on Trillium Payment Dates in 2024 and other related information, check out this article.

What is Trillium Payment 2024?

The Ontario Trillium Benefit (OTB) is a monthly payment from the Ontario government designed to help low- to moderate-income households in Ontario cover their taxes and energy bills. To receive this benefit, you need to apply for it, even though it’s not like a regular loan.

In Ontario, there’s a benefit called the Ontario Trillium Benefit that combines energy credits, sales tax credits, and credits for energy and property taxes. This benefit helps cover energy bills, some property taxes, and exempts you from paying sales tax. Families could get up to $265, while singles might get a maximum of $172.

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Trillium Payment Dates Overview 2024

Article NameTrillium Payment Dates 2024
Responsible AgencyCanada Revenue Agency
PlaceOntario, Canada
AimTo provide medium-low income families cover their taxes.
Triilium Payment Dates10th of every month in a FY
CRA Online Portalhttps://www.canada.ca/en/revenue-agency.html

Trillium Payment Amount 2024

In the 2023/2024 fiscal year, the total maximum Ontario Sales Tax Credit (OSTC) for both adults and children is $345. The amount you receive decreases as your household income goes up. For single adults without children, the adjusted household income threshold is $26,535, while for parents, it’s $33,169.

You can find out how much credit you might qualify for by looking at the criteria in the table below.

CriteriaMaximum Trillium Credit Amount
18-64 years old$1,194
65-65+ old$1,360
Living in a Public Long-term care home$265
Students living in designated academic institutions$25

Your money from the OTB can be used to pay off any taxes you owe the CRA or other debts. If there’s any money left after that, you’ll get it sent to you.

Trillium Payment Lump Sum 2024

Your benefit year starts in July and ends the following June 30, based on your previous year’s tax return. If you qualify for the Ontario Trillium Benefit, you’ll receive your full amount in July if it’s less than $360.

If your benefit is over $360, you’ll receive monthly payments. You can also choose to get one big payment at the end instead of 12 monthly payments. Just make sure to request this by December 23, 2023.

Trillium Payment Payment Schedule 2024

The Trillium Payment is sent out on the 10th of each month, starting from July through June of the next year. To receive the benefits of this program, it’s crucial for all eligible recipients to file their taxes on time.

You can find the full Trillium Payment Schedule for the rest of the 2023-24 payments in the table below:

MonthExpected Payment
October, 202310th
November, 202310th
December, 20238th
January, 202410th
February, 20249th
March, 20248th
April, 202410th
May, 202410th
June, 202410th

If you haven’t received your payments on the scheduled OTB payment dates, wait for 10 days before calling the CRA. This gives them time to process everything properly.

How to Apply for Trillium Payment Benefits 2024?

To get the Ontario Trillium Benefit (OTB), you need to include an ON-BEN Application Form with your tax return every year. This form is part of your tax package. When you send in your income tax return, they’ll automatically check if you qualify for OTB.

It’s important to file your taxes on time each year to be eligible for OTB. If you file after the April 30 deadline, your OTB payment might be delayed. Also, the money you get from Trillium benefits isn’t taxed.

FAQ

Wondering when you’ll get your OTB payment in December 2024?

Your OTB payment will be deposited directly into your bank account on December 8, 2024. Normally, you receive OTB benefits on the 10th of each month.

What exactly is your OTB allowance?

Your OTB allowance is the total of your three OTB payments. You can estimate your yearly benefit using the CRA Family Benefit Calculator.

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