If you qualify for the Ontario Trillium Benefit (OTB) — a refundable tax credit to assist families in paying for energy costs, sales tax and property tax — mark your calendar for Thursday, Oct. 10 as cheques are being issued. The payment combines three tax credits into one single payment: The or OEPTC The The The amount you get paid for the OTB typically varies depending on your 2023 income tax and benefit return.
If you’re single, you could receive a maximum of $180. Families could receive a maximum of $277. Northern Ontarians, including those living in Parry Sound and Nipissing, may also get more money through the Ontario Energy and Property Tax Credit.
To get an estimate of your OTB entitlement, you can use the . To be eligible, you must have paid property tax or rent for your principal residence in Ontario in the prior tax year, paid living expenses for a nursing home, paid energy costs while living on an Ontario reserve, or have lived in a designed post-secondary school residence in the prior year. You need to apply for the Trillium benefits every tax year.
Your eligibility is based on your family’s net income from the previous tax year, which may change due to differences in your family net income, your place of residence, your age or your family status. You must file a 2023 income tax and benefit return, including applicable sections of an form. The Canada Revenue Agency will use the information from your return to determine your eligibility and entitlement.
In.