Ontario Trillium Benefit Payment Dates 2024 – What is it? Know Eligibility, Lump Sum, Amount

Many low to moderate-income families or people in the province of Ontario are looking for some financial assistance to manage their living expenses. So that the Ontario Trillium Benefit (OTB) program provides support to those who need it and also everything they need to manage expenses. It is a program that consists of three supporting programs namely the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit and the Ontario Sales Tax Credit.

If you are eligible for this program and looking for the Ontario Trillium Benefit Payment Date 2024, then you need to read this entire article till the end and gather the information available here. Only eligible residents of Ontario will receive OTB Payments in 2024 at the given time. For more updates, you can go down and read the following sections.

Ontario Trillium Benefit Payment Dates 2024

OTB is a social program established by the Government of Ontario to assist low-income and moderate-income residents by providing them with financial assistance to manage living expenses. This program also reduces the financial burden on these families and also reduces the tax burden, allowing them to pay more than their savings. The assistance will be given in the form of energy costs and other taxes for which they have enrolled. OTB Payments 2024 follows the direct deposit method in which the available payments will be deposited directly into the beneficiaries’ bank account. That means no third party will be involved in the payment transfer. If you want to get Ontario Trillium Benefit Payment Dates 2024 then visit the following sections and know the updates here.

As per the latest update, OTB Payment 2024 is made monthly and only eligible beneficiaries will get this OTB Amount 2024 in their bank account. The last payment from this program was made on February 9, 2024, when the majority of residents received this payment. This OTB Payment 2024 will assist low-income people and help them meet their needs. OTB Payments are typically made in twelve monthly instalments and are scheduled for the 10th day of each month beginning in July 2024. If the 10th day falls on a public holiday or weekend, the payment will be processed on the previous business day. This policy applies to all three payments made under the Ontario Trillium Benefit 2024. If you want to know more updates then now you have to go down. The following sections will give you all the information you need to know here.

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Ontario Trillium Benefit Schedule 2024 – Overview

CountryCanada
Article onOntario Trillium Benefit Payment Dates 2024
GovernmentGovernment of Ontario
ProvinceOntario
ProgramOntario Trillium Benefit Program
Supports includeOEPTC, NOEC, and OSTC
CategoryGovernment Aid
OTB Payment Dates 202410th Day of Each Month

What is the Ontario Trillium Benefit Program?

It is a financial assistance program run by the Ontario government to help low-income residents financially. This program is comprised of three similar programs, one is the Ontario Energy and Property Tax Credit (OEPTC) which helps offset property taxes and sales taxes on energy. This program will help people who consume more heat in their homes or who have higher property taxes. The second is the Northern Ontario Energy Credit (NOEC) which helps Ontarians who are residents of Northern Ontario where the cost of living, especially for heating and energy, can be higher than in other parts of the province.

The third is the Ontario Sales Tax Credit (OSTC) which helps offset the sales tax that residents pay on most purchases. This means that if you are an Ontario resident you may be eligible to receive OTB Payments 2024 which are provided by the Ontario government every month. This is income assistance for low- and moderate-income residents who want to reduce their taxes or other sales taxes on purchases they need. Paying taxes and energy expenses are the highest expenses that every citizen cannot afford with low earnings. Hence this program will assist them on the platform and reduce the payment burden of all of them.

Ontario Trillium Benefit Payment Dates 2024

What is the Ontario Trillium Payment Amount 2024?

Here you can check the OTB payment amount 2024 that a resident is allowed to receive through this program. Your net family income will also adjust this payment for you. If you are a single person and have no children, your income should be approximately $26535. AGI for parents is $33,169. If you want to get a maximum OTB Payment of 2024 then you must be under the income limit set by the government. For more details, you can see the table below to understand the OTB payments made under these programs.

CriteriaMaximum OTB Amount
18 to 64 Years$1194
Students Living in a Designated academic institute$1360
Living in a Public Long Term Care Home$265
Students Living in a Designated academic Institute$25

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What are the Ontario Trillium Benefit Payment Dates 2024?

If you want to get OTB Payment Dates 2024 then go to the following table. The table will show you the payment date on which the amount will be disbursed. Lakhs of families from low-income groups are waiting for their payment and this will provide them with some financial assistance. So you should be aware of your OTB monthly payments and also know the payment dates. For more information, you can see the table given below.

OTB Payment MonthExpected OTB Payment Dates
January 202410th January 2024
February 20249th  February 2024
March 20248th March 2024
April 202410th April 2024
May 202410th May 2024
June 202410th June 2024
July 202410th July 2024
August 20249th August 2024
September 202410th September 2024
October 202410th October 2024
November 20248th November 2024
December 202410th December 2024

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