Ontario Trillium Benefit 2024 – How To Get $345 Energy & Property Tax Credit?

The Ontario Trillium Benefit 2024 is the energy and property tax credit payment. The Ontario Trillium Benefit Payment 2024 is provided on the monthly basis. The benefits include the Ontario Energy and Property Tax Credit 2024, Northern Ontario Energy Credit 2024, Ontario Sales Tax Credit 2024. The payment is based on the income tax of the previous year and the Canada OTB 2024 Payment Dates can be checked through the post given below. One has to check the complete article to get all the updates on the benefits available for Ontario.

Ontario Trillium Benefits 2024

The Canada Revenue Agency has been providing the various benefits to the citizens and one out of those is the Ontario Trillium Benefits which is the combined payment of the energy and property tax credit. The benefits have the energy credit, sales tax credit and the other benefits. The annual Canada OTB is the payment which is issued on the monthly basis and is based on the income tax of the year 2022. The Ontario Energy and Property Tax Credit 2024 provides the benefits to the low income group citizens while making the sales tax payments. To apply for the benefit for the year 2024, you will have to first file the 2023 income tax return. The payment under the OTB is provided on the 10th day of every month and in case the 10th day is a holiday. The CRA OTB Payment 2024 will be provided on a previous day.

The Northern Ontario Energy Credit 2024 is to help the people facing difficulty with the high energy costs. The Citizen of Canada will be eligible only if you have lived in Northern Ontario as on 31-12-2022. The third benefit under this plan is the Ontario Energy and Property Tax Credit 2024 and the program provides the maximum annual credit of $345 for each adult and each child in the family. Through the post below one will get the details on the benefits for the citizens of Ontario. The benefit will be paid through the direct deposit mode to get the payment, you must file the taxes on time.

ontario.ca Trillium Benefits 2024

The Ontario Trillium Benefit 2024 is the provided to help the low to moderate income group people to help pay for the energy costs as well as the sales and property tax. It includes 3 different benefits.

Benefit name Ontario Trillium Benefit 
Country Canada 
State Ontario 
Agency Canada Revenue Agency 
Total benefits under this plan 3
Eligibility Low to moderate income groups 
Payment frequency Monthly 
Ontario Trillium Benefits 2024 Payment Dates10th of every month 
Payment mode Online 
Post type Finance
Website ontario.ca
Ontario Trillium Benefits 2024

Ontario Energy and Property Tax Credit 2024

The OEPTC 2024 is the tax free payment which is to help you with the property taxes and sales tax on energy cost. 

  • One has to be of age of 18 years or older to qualify for the benefit.
  • The individual shall be married or in common law relationship.
  • Parent who lives with the child.
  • You must have paid the property tax for the main residence or.
  • You have rented a plot and your landlord has to pay the taxes or.
  • You have lived in a long term care home.
  • The credit amount will be $1194 if you are between 18 and 64 years old.
  • $1360 credit will be provided if you are 65 years or more.
  • $265 will be the credit if you live in a public long term care home.

Ontario Sales Tax Credit 2024

Check the below mentioned eligibility for the OSTC 2024.

  • You must not be of age more than 19 years. 
  • You have been married or are in relationship
  • The parent shall live with the child.

The credit amount in this case is $345 and the credit will not affect the GST/HST Credit Payment 2024. In case you are a single individual with no child, you will get the benefit which will be reduced by 4% of the net income. 

Northern Ontario Energy Credit 2024

The Ontario Energy and Property Tax Credit 2024 is available if the following conditions apply.

  • The citizen must be the age of 18 or above .
  • One should have or had a spouse
  • The child must be living with the parent. 
  • One must have rented or paid the property tax
  • You have paid the home energy cost

The credit amount under this benefit is $172 and the families could get a maximum of $265. 

Ontario Trillium Benefit 2024 Calculator

The ontario.ca Trillium Benefit 2024 will be based on below mentioned factors:

  • Age 
  • Income
  • Residence
  • Family size 
  • Amount paid in rent or property tax 

How is Ontario Trillium Benefit 2024 paid?

The ontario.ca Trillium Benefit 2024 payment will be provided through the direct deposit mode and will be transferred to your Bank account directly. The individual who has not got the tax refund by the direct deposit will get the payment through Pay Check which will be provided through Mail. 

Ontario Trillium Benefits 2024 Payment Dates

The monthly payment of ontario.ca Trillium Benefit 2024 is paid on the 10th of each month. In case the 10th day is Saturday, Sunday or any other holiday, the payment will be provided to you on the working day before 10th.

You can check the table below for the Canada OTB 2024 Payment Dates.

Month Ontario Trillium Benefits 2024 Payment Dates
January 202410 January 2024
February 20249 February 2024
March 20248 March 2024
April 202410 April 2024
May 202410 May 2024
June 202410 June 2024
July 202410 July 2024
August 20249 August 2024
September 202410 September 2024
October 202410 October 2024
November 20248 November 2024
December 202410 December 2024

ontario.ca Trillium Benefits 2024 Links

Ontario Trillium Benefits 2024OTB 2024

Frequently Asked Questions on Ontario Trillium Benefits 2024

What are the Ontario Trillium Benefits 2024?

The Canada Ontario Trillium Benefits 2024 is the monthly payment which is provided to the citizens of the low to moderate income groups.

What are the benefits available under the Ontario Trillium Benefits 2024?

The benefits under ontario.ca Trillium Benefits 2024 includes: Ontario Energy and Property Tax Credit 2024 and Northern Ontario Energy Credit.

How is Ontario Trillium Benefit 2024 Paid?

The Canada Ontario Trillium Benefits 2024 is paid through the direct deposit mode.

When will the Ontario Trillium Benefits 2024 be paid?

The Canada Ontario Trillium Benefits 2024 will be paid on 10th of every month provided it is not a holiday and in case of holiday, the payment will be made on a day earlier to it.

From where can one check the details on Ontario Trillium Benefits 2024?

The individuals can check the details on ontario.ca Trillium Benefits 2024 from the website ontario.ca.

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