Trillium Payment Dates 2024, Final OTB Lump Sum, Amount, Payment Schedule Check

Written byPraveen Singh

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Trillium Payment Dates 2024: The government of Canada offers the Trillium Payment to the eligible residents of Ontario. The government provides help to beneficiaries financially which helps them during the increasing inflation. Please note that Ontario Trillium Benefit is not a single payment. The benefits include the payment of three credits. The three credits are called the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit and the Ontario Sales Tax Credit.

Beneficiaries need to fulfill the eligibility criteria required for all the tax credits mentioned above to get the benefits of the Ontario Trillium Benefit Payment. Scroll down the following article and get updates regarding the Trillium Payment Dates, Final OTB Lump Sum, Amount, Payment Schedule and more.

Trillium Payment Dates 2024

The officials usually divide the payment into 12 parts i.e., the payment of the benefit is provided monthly to the beneficiaries. However, it must be noted that the eligible beneficiaries can decide whether they want to get the payment monthly or a lump sum in a single payment. The OTB payment amounts are based on the previous year’s income tax and benefit return. The Ontario Trillium Benefit amount commences from July 2024 and the last payment will be made in June 2025.

Trillium Payment Dates 2024, Final OTB Lump Sum, Amount, Payment Schedule Check

Ontario Trillium Benefit Payment Dates

The following section includes the table showing the monthly payment dates. Please note that the payment will be reflected on the 10th of each month into the beneficiaries’ account if their tax return is accessed by the 20th of June 2024. However, the payment dates will change if the scheduled dates fall on the weekend or holiday. Below is the table showing Month-Wise Trillium Payment Dates:

MonthsPayment Dates
July10th July 2024
August10th August 2024
September10th September 2024
October10th October 2024
November10th November 2024
December10th December 2024
January10th January 2025
February10th February 2025
March10th March 2025
April10th April 2025
May10th May 2025
June10th June 2025

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Trillium Payment Schedule: Fact Check

The following are some of the facts that individuals must check regarding Trillium Payment:

  • The officials will release the monthly payment of Trillium Benefits on the 10th of each month.
  • In case, the tax return is assessed by 20th June 2024 then the payment will be made on the 10th of each month. If the 10th date falls on a weekend or holiday, the payment will be made on the last working day before the 10th.
  • If the candidate’s 2023 return is assessed after 20th June 2024 then the first OTB payment will be issued within four to eight weeks after the return is assessed and on the 10th of each month thereafter.
  • In case, the annual entitlement is $360 or less, it will be provided in one lump-sum payment in the first payment month i.e., 10th July 2024.
  • If the individuals choose to wait to get their 2024 OTB entitlement and the annual entitlement is also more than $360, it will be issued in one payment at the end of the benefit year on 10th June 2025.

How to apply for the OTB Payment Amount?

Individuals must have filed their 2023 income tax and benefit return to get Trillium Payment Benefits for the 2024 tax year. It must be noted that individuals will not have to apply for the OSTC component. The Canada Revenue Agency will gather the information of candidates through their 2023 tax return to determine their eligibility and entitlement.

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In cases of families, the OTB components will be paid to the individual whose return has been assessed first. The officials will send the notice to beneficiaries if they are entitled to get the Ontario Trillium Benefit. Individuals will have to file their tax return each year to get the OTB payment in the future.

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Frequently Asked Questions

What is the Ontario Trillium Payment Amount?
The OTB amount is the total of the amounts, a beneficiary would get for each of the Ontario Energy and Property Tax Credits, the Northern Ontario Energy Credits, and the Ontario Sales Tax Credit Programs. To check estimated OTB entitlement, one can use the Canada Child and Family Benefits Calculator

How will I receive my OTB payments?
Mostly, individuals will receive the OTB payments by direct deposit. Otherwise, they will get the payments by cheque.

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