Read this whole piece to learn important details about Trillium Payment Dates 2024 Amount, Lump Sum, and Payment Schedule.
When to Pay Trillium in 2024
A Trillium benefit amount is a social program run by the state of Ontario to help low- and middle-income families pay their taxes and energy bills. Every month, on the tenth, the Trillium Payment Dates 2024 happen, unless the date falls on a weekend or a government holiday. In these cases, the OTB payment date will be the last business day before the tenth.
The next Trillium benefit payment is due on October 10, November 10, and December 8, 2023. You can choose between getting your OTB payment by check or direct deposit. This makes sure that the reward amount is given out quickly and on time. This page has more information about the Trillium Payment Dates 2024 and other related topics.
How Do I Get Trillium Payment 2024?
The Ontario Trillium Benefit (OTB) is one of the key benefit programs that people in Ontario can use. It’s money that you get from the Ontario government every month. It helps Ontario families with low to moderate incomes pay their taxes and energy bills. Even if it’s not a personal loan, you have to apply to get the help.
The Ontario Trillium Benefit is made up of Ontario’s energy credits, sales tax credits, and energy and property tax credits. This means that the benefit tries to cover the cost of energy, some property taxes, and sales tax breaks. Single people could only get up to $172, while families could get up to $265.
A Look at The Trillium Payment Dates for 2024
| Article Name | Trillium Payment Dates 2024 |
| Responsible Agency | Canada Revenue Agency |
| Place | Ontario, Canada |
| Aim | To provide medium-low income families cover their taxes. |
| 10th of every month in an FY | To provide medium-low income families to cover their taxes. |
Payment Amount for Trillium in 2024
The most that adults and children can get from OSTC in 2023/2024 is $345. Your benefit is cut by 4% of your adjusted household net income. For people without children, this means $26,535, and for parents, it means $33,169.
Based on the factors listed in the table below, you can find out how much credit you might be able to get.
| 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 |
You can pay off any debts you have with the CRA, like back taxes or other benefits, with your OTB. It will be sent to you if there is any leftover.
Payment for Trillium All at Once in 2024
If you are getting any of the three tax credits that have been combined into the Ontario Trillium Benefit, your benefit year runs from July 1 of one year to June 30 of the next year. It is based on information from your personal income tax return from the previous year. If your payment is less than $360, you will get the whole amount in July.
If your benefit is more than $360, you can choose to get the OTB payments every month, or you can get one big payment at the end of the OTB payment term. You don’t have to get 12 monthly payments from the Ontario Trillium Benefit. You can choose to get one big payment instead. It needs to be asked for by December 23, 2023.
Plan for Making Trillium Payments in 2024
Every month on the 10th, the Trillium Payment is sent out. Trillium Payments are sent out from July to June of the following year. To get the rewards of the plan, everyone who wants to get them must file their taxes on time.
The table below shows the full Trilium Payment Schedule for the rest of the payments in 2023 and 2024:
| 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 |
If you didn’t get your payments on the due times for out-of-the-box payments, you have to wait 10 days before calling the CRA.
How to Get Trillium Payment Benefits in 2024?
To be considered for the Ontario Trillium Benefit, you must send in an ON-BEN Application Form each year along with your personal Income Tax and Benefit Return. This form is part of your tax return package. When you file your income tax and benefit return, OTB eligibility will be checked immediately.
To be qualified for the OTB, you must file your tax return on time for the previous year. You can put off your OTB payment if you file your taxes after April 30, which is the due date. The amounts that are paid out in Trillium benefits are not taxed.
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FAQ
When will I get my December 2024 OTB payment?
On the 8th of December 2024, your OTB payment will be sent directly to the bank account you linked. Your OTB benefits will usually be sent to you on the 10th of every month.
How much money do I get from OTB?
The sum of your three OTB rights is called your OTB amount. The CRA Family Benefit Calculator can help you figure out how much money you can expect to get each year.
Thanks for staying on our site and reading about the benefits of the Ontario Trillium Payment. If you want to read more stories about taxes, our portal might be the right place for you.