2024🇨🇦Ontario trillium benefit (OTB)
- Kailee
- Jun 5, 2024
- 3 min read
Ontario trillium benefit (OTB)
The Ontario Trillium Benefit combines the following three credits to help pay for energy costs as well as sales and property tax:
Northern Ontario Energy Credit
Ontario Energy and Property Tax Credit
Ontario Sales Tax Credit
You need to be eligible for at least one of the three credits to receive the benefit.
Northern Ontario Energy Credit
This credit is a tax-free payment to help with the higher home energy costs faced by Northern Ontarians living in:
Algoma
Cochrane
Kenora
Manitoulin
Nipissing
Parry Sound
Rainy River
Sudbury
Thunder Bay
Timiskaming
Eligibility for the 2024 benefit year (July 2024 – June 2025)
To qualify, you must be a resident of Northern Ontario on December 31, 2023, and at least one of the following at some time before June 1, 2025:
18 years of age or older
have or previously had a spouse or common-law partner
a parent who lives or previously lived with your child
and, in 2023, you:
rented or paid property tax for your main residence
lived on a reserve and paid for your home energy costs
lived in a public long-term care home (for example, a seniors' home) and you paid for a portion of your accommodation
Your eligibility also depends on where you live on the 1ST of each month. For example, if you live in Sudbury on November 1, and move to London (Southern Ontario) at the end of November, you would be eligible for the November NOEC payment, but you wouldn't be eligible for any subsequent payment.
Credit amount
If you're single, you could receive a maximum of $180.
Families could receive a maximum of $277.
Northern Ontarians may also get more money through the Ontario Energy and Property Tax Credit.
Ontario Energy and Property Tax Credit
This credit is a tax-free payment to help you with your property taxes and sales tax on energy costs.
Eligibility for the 2024 benefit year (July 2024 – June 2025)
To qualify, you must be a resident of Ontario on December 31, 2023, and at least one of the following at some time before June 1, 2025:
18 years of age or older
currently or previously married or in a common-law relationship
a parent who lives or previously lived with your child
and, in 2023, at least one of the following applied to you:
you paid property tax for your main residence
you rented, and your landlord was required to pay property tax for your main residence (if you lived in a subsidized housing unit, check with your landlord to find out if they were required to pay property tax for your unit)
you lived on a reserve and paid for your home energy costs
you lived in a public long-term care home (for example, a seniors' home) and paid an amount for your accommodation
Your eligibility also depends on where you live on the 1ST of each month. For example, if you move out of Ontario on November 10, you would be eligible for the November OEPTC payment, but you wouldn't be eligible for any subsequent payment.
Credit amount
You could get a maximum of:
$1,248 if you are between 18 and 64 years old
$1,421 if you are 65 or older
$277 if you live on a reserve or in a public long-term care home
$25 for the time you lived in a designated college, university or private school residence in 2023
Ontario Sales Tax Credit
This credit is a tax-free payment to help Ontarians with the sales tax they pay.
Eligibility for the 2024 benefit year (July 2024 – June 2025)
To qualify, at some time before June 1, 2025, you must be an Ontario resident and at least one of the following:
19 years of age or older
currently or previously married or in a common-law relationship
a parent who lives or previously lived with your child
Credit amount
You can receive up to $360.
You may receive an additional credit of up to $360 for:
your spouse or common-law partner, and
each dependent child who is under 19 years of age on the 1st of the payment month
This credit does not affect your GST/HST credit payments.
More information could be found here: https://www.ontario.ca/page/ontario-trillium-benefit
đź“…2024 Payment dates
January 10, 2024
February 9, 2024
March 8, 2024
April 10, 2024
May 10, 2024
June 10, 2024
July 10, 2024
August 9, 2024
September 10, 2024
October 10, 2024
November 8, 2024
December 10, 2024
Comments