Ontario Trillium Benefit 2024: Government of Canada is releasing the monthly benefits of Ontario trillium benefits 2024 for August month. If you are leaving in the province of Ontario in Canada then can apply for such payment per month in the country. Read the article to get the updated information of Ontario trillium benefit payment 2024 including the latest eligibility criteria, procedure to claim the payment, list of the beneficiaries, monthly payment to the individuals in Ontario province etc.
Ontario Trillium Benefit 2024
The Ontario Trillium Benefit (OTB) is a financial assistance program provided by the government of Ontario, Canada. It is designed to help low- to moderate-income residents with the cost of energy, sales tax, and property taxes. The OTB combines three separate credits into one payment:
- Ontario Sales Tax Credit (OSTC): Provides relief for sales tax.
- Ontario Energy and Property Tax Credit (OEPTC): Helps with property taxes and energy costs.
- Northern Ontario Energy Credit (NOEC): Offers additional assistance with energy costs to residents in Northern Ontario.
Eligibility Criteria for Ontario Trillium Benefit 2024
If you also want to claim all above 3 payments in upcoming month through Ontario trillium benefit 2024 then you should compile all the eligibility criteria which are mentioned below the section.
- Only citizens of Canada who are currently living in the Ontario from last one year can apply for the payment. The date will be calculated from the 31st December of last year.
- The age of the candidate should be at least 18 years old or they should live with their spouse whose age is more than 18 years to claim the payment.
- It is important to all the citizens living in the Ontario province in Canada to pay the annual tax of each year to the government. However it is also important for low income group categories who are not laying under the taxpayers category to submit their application form for paying the tax.
- If you are a single individual then your annual income should be less than $47845. However if you are living as couple then the combine income of the couple should not be more than $95690. Apart from this a family of 3 or more members can climb the payment with the maximum annual income of $114,935.
- It is important for individual to pay their energy cost including electricity, gas, oil etc.
- Submit your annual property tax or rent for the annual year of 2023 to the government
- Applicants should also pay the sales tax on their purchasing over the annual session of 2024 .
Procedure to Claim Canada Ontario Trillium Benefit Payment 2024
If you are eligible to claim the Ontario trillium benefit payment then you should submit the application form by following this procedure
- Firstly you are to required to pay your annual tax to the Canada revenue agency before the deadline
- After that you have to again visit on the official website of Canada revenue agency and search the Ontario trillium benefit payment. You can also click on this link to visit directly on the application page Ontario trillium benefit application form.
- Now you can see all the information of ON BEN application form on the screen and you have to click on the PDF link to download the application form in your device
- After that you have to provide all the information in the printed application form and submit it to the concern authority
Once you provide the information, Canada revenue agency will verify your information according to your tax information and other details available in the application form and will release the payment of Ontario trillium benefit 2024 in the next month.
Canada Ontario Trillium Benefit Payment 2024
The Ontario Trillium Benefit (OTB) provides monthly payments to eligible individuals and families, with payment amounts ranging from up to $25 per month for single persons, $50 per month for couples, and $75 per month for families of three or more. The annual maximum payment amounts are up to $300 for the energy component, $300 for the property tax component, and $260 for the sales tax component. The total annual maximum payment is up to $860 for single persons, $1,710 for couples, and $2,560 for families of three or more.
Payments are issued on the 10th of each month, starting in July, and if the 10th falls on a weekend or statutory holiday, the payment is issued on the last working day before the 10th. Additionally, if the annual entitlement is $360 or less, it will be issued in one lump-sum payment in July, while larger entitlements can be received as a lump-sum payment at the end of the benefit year on June 10, 2025.
