The Ontario Trillium Benefit helps low and moderate-income families with energy and tax costs. Payments are made on the 10th of each month in 2024, except when this falls on a weekend or holiday, then it’s the last weekday before the 10th. The next payments are expected on October 10, November 10, and December 8, 2023. You can get this benefit through direct deposit or a check.
What is Trillium Payment 2024?
The Ontario Trillium Benefit (OTB) is a monthly payment to help with taxes and energy bills for low to moderate-income households in Ontario. It combines Ontario’s energy credits, sales tax credits, and property tax credits. A single person can get up to $172, while families can receive up to $265.
Trillium Payment Amount 2024
For 2023/2024, the maximum benefit for adults and children together is $345, reduced by 4% of your family’s net income over $26,535 for single adults and $33,169 for families. You might have to use some of your OTB to pay any debts to the Canada Revenue Agency (CRA).
Here’s the table showing the maximum Trillium Credit amounts based on different criteria:
| Criteria | Maximum 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 |
This table outlines the various amounts one could receive from the Trillium Credit, depending on their age, living situation, or student status.
Lump Sum Trillium Payment 2024
If your total benefit is less than $360, you get it in July as a lump sum. If it’s over $360, you can choose monthly payments or a lump sum at the end of the benefit year. To choose a lump sum, you must request it by December 23, 2023.
Trillium Payment Payment Schedule 2024
Payments are made monthly from July one year to June the next. It’s important to file your taxes on time to receive this benefit. If you miss a payment, wait 10 days before contacting the CRA.
| Month | Expected Payment |
|---|---|
| October, 2023 | 10th |
| November, 2023 | 10th |
| December, 2023 | 8th |
| January, 2024 | 10th |
| February, 2024 | 9th |
| March, 2024 | 8th |
| April, 2024 | 10th |
| May, 2024 | 10th |
| June, 2024 | 10th |
How to Apply for Trillium Payment Benefits 2024?
To apply, fill out the ON-BEN Application Form with your tax return. You’ll be automatically considered for the OTB when you file your taxes, which must be done by April 30 to avoid delays in payment. OTB payments are not taxed.
Important Links:
FAQs:
- In December 2024, OTB payments will be on the 8th, directly deposited into your bank. Normally, payments are on the 10th each month.
- Your OTB amount is the total of your three entitlements. Use the CRA Family Benefit Calculator to estimate your benefit.
