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OTB Payment Dates 2024
In Ontario, the cost of living keeps going up. Despite a rise in household income, it has not been able to keep up with the rising expenses of basic needs like groceries, housing, and child care. In order to assist citizens with low-to-moderate incomes, the provincial government launched the Ontario Trillium Benefit.
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Many individuals in the country look forward to the OTB Benefits payment dates since they assist a significant portion of the populace. The payment is determined by the income tax of the preceding year. The OTB Payment Dates 2024, payment mode, eligibility and other details are provided in the post below.
Understanding OTB Payments
Low-income families are assisted by the Ontario Trillium Benefit (OTB), a refundable tax credit. The OTB assists low-income households with the payment of property taxes, sales taxes, and energy bills.
It consists of the Ontario sales tax credit, the Northern Ontario energy credit, and the Ontario energy and property tax credit. The ON-BEN application form must be filled out and submitted with your tax return in order to be eligible for this benefit.
OTB Payment Dates Overview
| Article Title | OTB Payment Dates 2024 |
| Country | Canada |
| Scheme Name | Ontario Trillium Benefit |
| Next Upcoming OTB Payment Date | January 10, 2024 |
| Payment Amount | Depends on your status |
| More Information | Find Here |
When Trillium Payment is Coming in 2024?
Your income tax and benefit return from the prior year determines how much OTB you are entitled to each year. The Canada Revenue Agency (CRA) normally issues it on the tenth day of each month, divided into twelve installments.
The Ontario Trillium Benefit 2024 payment is made on the tenth of every month. Moreover, the OTB payment is made on the final working day before to the 10th of the month if it falls on a weekend or official holiday.
You can check the table below to get the complete details on the OTB Payment Dates in 2024.
| Month | OTB Payment Dates 2024 |
| January 2024 | 10th Jan |
| February 2024 | 9th Feb |
| March 2024 | 8th March |
| April 2024 | 10th April |
| May 2024 | 10th May |
| June 2024 | 10th June |
| July 2024 | 10th July |
| August 2024 | 9th Aug |
| September 2024 | 10th Sept |
| October 2024 | 10th Oct |
| November 2024 | 8th Nov |
| December 2024 | 10th Dec |
Your right, if your 2024 OTB annual entitlement is $360 or less, to a single lump-sum payment in the first payment month (usually July).
OTB Payments Amount 2024
How much you’ll earn from the OTB, together with the amounts you would receive for the OSTC, OEPTC, and NOEC. You may also determine your entitlement by using Ontario’s Tax Credit Calculator or the Child and Family Benefits Calculator.
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The online option is being used to make the payment under the $1360 OTB. If the recipients do not have a bank account, the money will be sent to them by paper check. Otherwise, the payment will be sent straight to the recipients’ bank account.
How to Get OTB Payments 2024
For your income tax and benefit return to be taken into account for the OTB, you must submit it. Filling out this OEPTC and NOEC application form is a requirement for filing your return. No application is required for the OSTC; the CRA will assess your eligibility based on the information in your tax return.
You have to file a tax return each year in order to continue getting the benefit, whether or not you have any income to declare. In order to avoid payment delays, it’s also a good idea to file your taxes on time.
You can visit the Canada Revenue Agency website or call 1-877-627-6645 for more information on the Ontario Trillium Benefit and other benefits that are handled by the federal government in Ontario.
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