New Ontario Trillium Benefit Payment to Be Sent on January 10

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New Ontario Trillium Benefit Payment to Be Sent on January 10

January 5, 2025
8:36 am

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Last Updated On 5 January 2025, 7:47 AM EST (Toronto Time)

Are you prepared for some financial relief? The first Ontario Trillium Benefit (OTB) payment of 2025 is scheduled for January 10.

This vital program supports thousands of low- and moderate-income Ontarians, helping them manage rising living expenses, including property taxes, energy bills, and sales taxes.

With an increase implemented last year, the OTB remains a cornerstone in providing much-needed financial assistance to those who need it most.

In this detailed guide, we will explore everything you need to know about the Ontario Trillium Benefit—from eligibility requirements to maximizing your benefit payments.

The Ontario Trillium Benefit (OTB) is a non-taxable financial aid program combining three provincial tax credits:

Ontario Energy and Property Tax Credit (OEPTC)
Northern Ontario Energy Credit (NOEC)
Ontario Sales Tax Credit (OSTC)

The Canada Revenue Agency (CRA) administers this annual benefit, offering financial relief for property taxes, energy costs, and sales taxes.

Designed for low- and moderate-income individuals and families, the OTB ensures that rising living costs do not become an insurmountable burden.

Your eligibility and payment amounts depend on the income tax return you filed for the previous year. Filing your taxes is crucial to access this financial assistance.

Ontario Trillium Benefit Payment Dates In 2025

Mark your calendars! Here are the official upcoming OTB payment dates for 2025:

January 10, 2025
February 10, 2025
March 10, 2025
April 10, 2025
May 9, 2025
June 10, 2025
July 10, 2025
August 8, 2025
September 10, 2025
October 10, 2025
November 10, 2025
December 10, 2025

If your total OTB entitlement for the year is $360 or less, the CRA would have issued a lump-sum payment in July 2024.

For entitlements exceeding $360, the payments are divided into 12 monthly installments.

Ensure your personal details, such as your address and banking information, are up to date with the CRA to avoid payment delays.

To qualify for the Ontario Trillium Benefit, you must meet the following general requirements:

Specific Eligibility for Tax Credits:

Ontario Sales Tax Credit (OSTC):
- Must be 19 years or older, or
- Be a parent living with your child, or
- Be married or in a common-law relationship.
Ontario Energy and Property Tax Credit (OEPTC):
- Be a resident of Ontario on December 31, 2023.
- Paid property taxes or rent in Ontario.
- Paid energy costs while living on a reserve or in a long-term care facility.
Northern Ontario Energy Credit (NOEC):
- Live in Northern Ontario (e.g., Sudbury, Thunder Bay).
- Be 18 years or older, married, or a parent.
- Paid energy costs or property taxes.

The amount of OTB you can receive depends on factors such as your household size, income, and location.

Below are the maximum annual amounts for each tax credit in 2024:

Northern Ontario Energy Credit (NOEC):

Up to $180 for single individuals.
Up to $277 for families.

Ontario Energy and Property Tax Credit (OEPTC):

Up to $1,248 for individuals aged 18-64.
Up to $1,421 for seniors aged 65 and above.
Up to $277 for residents of reserves or long-term care facilities.
Up to $25 for post-secondary students living in residence.

Ontario Sales Tax Credit (OSTC):

Up to $360 per adult or child in the household.

Applying for the Ontario Trillium Benefit is straightforward. Here’s how:

File Your Taxes: Ensure your income tax return is filed on time for the upcoming OTB payments. Your OTB eligibility is based on this return.
Update Your Information: Notify the CRA of any changes to your address, marital status, or banking details.
Check Eligibility: Review the specific requirements for OSTC, OEPTC, and NOEC to understand your total benefit.

Claim All Relevant Expenses: Ensure you report all eligible expenses such as rent, property taxes, and energy costs in your tax return.
Avoid Errors: Double-check your tax return to ensure it is complete and accurate. Mistakes could delay or reduce your benefit payments.
Sign Up for Direct Deposit: Enroll in direct deposit through the CRA to receive payments faster and more securely.
Consult a Tax Professional: A tax expert can help you identify additional deductions or credits you may qualify for.

The Ontario Trillium Benefit is an invaluable resource for many residents, helping alleviate financial burdens and providing relief from rising living costs.

Whether it’s offsetting property taxes, reducing energy costs, or easing sales tax expenses, the OTB ensures financial stability for low- and moderate-income families.

Stay updated on CRA payment dates and file your taxes correctly to maximize your benefits.

For more information, visit the CRA website or consult a tax professional to make the most of the Ontario Trillium Benefit.

Mark January 10, 2025, on your calendar and look forward to the financial support you deserve!

What is the Ontario Trillium Benefit (OTB)?

The OTB is a financial assistance program that combines three tax credits to help Ontarians manage energy costs, property taxes, and sales taxes.

When are the OTB payment dates for 2025?

January 10, 2025
February 10, 2025
March 10, 2025
April 10, 2025
May 9, 2025
June 10, 2025
July 10, 2025
August 8, 2025
September 10, 2025
October 10, 2025
November 10, 2025
December 10, 2025