Monthly payments are made for the Ontario Trillium Benefit April Payment 2024. Every month on the tenth, you will receive Trillium Payment Online 2024 in your bank account. Families with low and moderate incomes are assisted by the Ontario government through the Ontario Trillium Benefit 2024 Payment.
When it’s available, you can use the OTB Payment Amount 2024 to pay for your everyday expenses. Your registered bank account will receive the payment.
Regardless of any vacations or other legislative holidays, the Ontario Trillium Benefit 2024 Amount will be transferred to your bank account after computing the first ten business days.
Ontario Trillium Benefit (OTB) 2024 Eligibility
1. This suggests that if you intend to apply for the benefit in 2024, you will need to have been a resident of Ontario on December 31, 2023.
2. You must be married or have a CLP in order to qualify. You must currently reside with your child or have previously done so if you are a parent.
3.For the year 2023, you had to have paid your property taxes, rented your principal residence, lived on a reserve and covered your home’s energy costs, or paid a portion of your rent while residing in a public long-term care facility.
4.In order to qualify for the OTB Payment 2024, you need to complete an income tax return.
OTB Payment Amount 2024
| Criteria | Maximum OTB Amount |
| Age Between 18 to 64 Years Old | $1,194 |
| 65 and Above | $1,360 |
| Residing in Public Long-term Care Home | $265 |
| Students residing at specific academic organisations | $25 |
The OTB amount is the total of the amounts for which you would qualify for the Ontario energy and property tax credit program, the Northern Ontario sales tax credit, and the Ontario sales tax credit.
The factors influencing the OTB Payment Amount 2024 include age, income, size of the household, and the amount of rent or property tax paid. A number of factors are considered in order to determine the OTB Payment Amount for April 2024.
The combined Ontario Sales Tax Credit (OSTC) limit for people and children in the 2023–2024 fiscal year is $345. The benefit that is related to the adjusted household net income has decreased by 4%. The threshold for parents’ adjusted household net income is $33,169, while the threshold for single individuals is $26.535.
Steps for OTB Payment 2024 Application
1. Complete the ON-BEN Application Form in order to apply for the Ontario Energy and Property Tax Credit (OEPTC) or the Northern Ontario Energy Credit (NOEC).
2. To be eligible for the OTB, you have to file a tax return every year if you don’t have any income to report.
3. When filing, please include the completed ON-BEN Application Form with your tax return.
4. By including the ON-BEN Application Form with your tax return, you can submit an automatic application for the Ontario Sales Tax Credit.
