Last Updated On 6 July 2024, 7:41 PM EDT (Toronto Time)
On July 10, 2024, the new Ontario Trillium Benefit (OTB) monthly payment with an increase will be sent to all Ontarian tax payers.
We publish articles on all the tax credits that our immigrant community in Canada and Canada aspirants must know, since the OTB is one of the significant benefits for Ontarians.
OTB is operated in conjunction with the Canada Revenue Agency (CRA) and every year in July, CRA begins sending the increased payments based on the prior tax year.
The OTB, its upcoming payment dates, and the newly increased amount beginning July 10 for Ontario residents will be covered in this post.
Table of Contents
Exactly what is the Ontario Trillium Benefit (OTB)?
The OTB is a payment that combines the Ontario Energy and Property Tax Credits (OEPTC), the Northern Ontario Energy Credit (NOEC), and the Ontario Sales Tax Credit (OSTC).
The OTB, which is a combination of the three aforementioned tax credits, is a benefit that the Ontario government provides to low- and moderate-income individuals and families.
The monthly payments are made on the 10th of each month, and the annual OTB entitlement is typically divided by 12.
OTB operates directly in conjunction with the federal Canada Revenue Agency (CRA). To be eligible for the benefit, individuals and families must submit their income tax returns on an annual basis.
A family’s or an individual’s OTB is determined by a variety of factors, including the size of their family, income, and location.
Each month, the government distributes the benefit amount after calculating it using this data, typically commencing in July.
Eligibility criteria for the Ontario Trillium Benefit
Family income and family size are the primary factors that determine eligibility for the OTB.
To be considered eligible, you must:
1. Be an Ontario resident.
2. Complete and submit your income tax return.
3. Have an active Social Security number (SSN).
The purpose of the benefit is to provide assistance to individuals and families with low to moderate incomes, so eligibility requirements are adjusted to ensure that they receive the necessary support.
Eligibility is further divided according to the type of credit that has been added to your Ontario Trillium Benefit, as indicated below:
Ontario Sales Tax Credit Eligibility
To aid Ontarians in fulfilling their sales tax obligations, this credit is a tax-free payment.
Prior to June 1, 2025, you must be a resident of Ontario and satisfy one of the following criteria in order to qualify:
- You are 19 years of age or older
- parent who currently resides with or has previously resided with your child.
- either currently or has previously been married or in a common-law relationship.
Energy and Property Tax Credit Eligibility in Ontario
To qualify, you must be a resident of Ontario on December 31, 2023, and have completed at least one of the following by June 1, 2025:
- age 18 or older,
- current or former marriage or common-law relationship.
- As a parent who currently resides with or has previously resided with your child,
And a minimum of one of the following applies to you in 2023:
- You are an Ontario resident who
- Paid property tax on your principal residence
- rented, and your landlord was obligated to pay property tax for your primary residence (if you resided in a subsidized housing unit, consult with your landlord to determine whether they were accountable for property tax).
- lived on a reserve and incurred the expenses associated with your household’s energy usage.
- I resided in a public long-term care facility, such as a seniors’ home, and paid a fee for my accommodations.
Energy Credit Eligibility in Northern Ontario
This credit is a tax-free payment that is intended to help Northern Ontarians who live in Algoma, Cochrane, Kenora, Manitoulin, Nipissing, Parry Sound, Rainy River, Sudbury, Thunder Bay, and Timiskaming with their high residential energy expenses.
To qualify, you must be a Northern Ontario resident in one of the aforementioned regions on December 31, 2023, and a minimum of one of the following by June 1, 2025:
- age eighteen or older.
- had a spouse or common-law partner.
- a parent who currently resides with or has previously resided with your child, and in 2022,
Along with that, you:
- rent or pay the property tax on your principal residence.
- lived on a reservation and was accountable for the utility costs of your residence.
- were a resident of a public long-term care facility (such as a seniors’ home) and were responsible for a portion of your living expenses.
How much is the Ontario Trillium Benefit payment?
This is the highest annual OTB payment that is available to individuals in the lowest income bracket.
| Northern Ontario Energy Credit (NOEC) | $180: If you’re a single individual $277: If you have a family |
| Ontario Energy and Property Tax Credit (OEPTC) | $1,248: If you’re between 18 and 64 years old $1,421: If you’re over 65 years old $277: If you live on a reserve or in a long-term care facility $25: If you’re a student living in a post-secondary school residence |
| Ontario Sales Tax Credit (OSTC) | $360: For each child and adult in the household |
Upcoming payment dates for Ontario Trillium Benefits in 2024
The monthly payments are made on the 10th of each month, and the annual OTB entitlement is typically divided by 12.
Please find the schedule for OTB in 2024 below:
- July 10, 2024
- August 9, 2024
- September 10, 2024
- October 10, 2024
- November 8, 2024
- December 10, 2024
A single lump-sum payment is issued in the first payment month of 2024, typically on July 10, if your annual OTB entitlement is $360 or less.
If you elect to delay the payment of your 2024 OTB entitlement on your 2023 return and your annual entitlement exceeds $360, it will be distributed in a single payment on June 10, 2025, at the conclusion of this benefit year.
OTB eligibility Frequently Asked Questions (FAQs)
What is the Ontario Trillium Benefit (OTB)?
The OTB is a payment that combines the Ontario Energy and Property Tax Credits (OEPTC), the Northern Ontario Energy Credit (NOEC), and the Ontario Sales Tax Credit (OSTC).
It is designed to assist low- to moderate-income individuals and families in Ontario with managing expenses related to energy, property taxes, and sales tax.
How is the OTB operated?
The OTB is administered in conjunction with the Canada Revenue Agency (CRA). To receive the benefit, individuals and families must submit their income tax returns annually.
The benefit amount is calculated based on family size, income, and location, and is typically distributed monthly starting in July.
What are the payment dates for the OTB in 2024?
The OTB payments for 2024 are scheduled for the following dates:
July 10, 2024
August 9, 2024
September 10, 2024
October 10, 2024
November 8, 2024
December 10, 2024
What are the maximum payment amounts for the OTB?
The maximum annual payments for the OTB components are:
NOEC: $180 for single individuals, $277 for families.
OEPTC: $1,248 for individuals aged 18-64, $1,421 for individuals over 65, $277 for residents on reserves or in long-term care, $25 for students in post-secondary residences.
OSTC: $360 per child and adult in the household.
How does the Ontario Sales Tax Credit (OSTC) work?
The OSTC is a tax-free payment to help Ontarians meet their sales tax obligations. To qualify, you must be an Ontario resident before June 1, 2025, and meet specific criteria such as being 19 years of age or older, a parent, or in a marital or common-law relationship.
What is the Ontario Energy and Property Tax Credit (OEPTC)?
The OEPTC helps Ontario residents with property taxes and energy costs. Eligibility requires being an Ontario resident on December 31, 2023, and meeting criteria such as being 18 or older, married or in a common-law relationship, or a parent.
Additionally, you must have paid property tax, rented, lived on a reserve, or been in a long-term care facility in 2024.
What is the Northern Ontario Energy Credit (NOEC)?
The NOEC provides tax-free payments to help Northern Ontarians with high energy costs.
To qualify, you must be a resident of specific Northern Ontario regions on December 31, 2023, and meet criteria such as being 18 or older, married or in a common-law relationship, or a parent.
What happens if my annual OTB entitlement is $360 or less?
If your annual OTB entitlement is $360 or less, you will receive a single lump-sum payment on July 10, 2024.
If you choose to defer the payment and your entitlement exceeds $360, it will be issued as a single payment on June 10, 2025
When will the new Ontario Trillium Benefit payment with an increase begin?
The new increased OTB payments will start on July 10, 2024, for all eligible Ontario residents.
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