Ontario Trillium Benefit payments go out soon — Here's how much $ you can receive
You could be entitled to hundreds of dollars.
A person holding Canadian banknotes. Right: The CRA headquarter sign in Ottawa, Ontario.
With a new month comes a slew of new government benefits and credits. For the month of July, Canadians can expect to receive a handful of financial aid from programs set forth by both the federal and provincial governments.
Eligible Ontario residents should be on the lookout for a payment from the Ontario Trillium Benefit, a monthly benefit sent out to low-to-moderate income households throughout Ontario.
Per the Canada Revenue Agency, it's important to verify your eligibility for the Ontario Trillium Benefit as you could be entitled to hundreds of dollars depending on your age, income, family size and more.
Here is everything you need to know about the upcoming July payment of the Ontario Trillium Benefit:
What is the Ontario Trillium Benefit?
The Ontario Trillium Benefit is a tax-free payment that assists low- to moderate-income Ontario residents with energy costs, sales, and property taxes.
It combines the Northern Ontario Energy Credit, Ontario Energy and Property Tax Credit, and Ontario Sales Tax Credit. To receive this benefit, you must be eligible for at least one of these three credits.
Who is eligible for the Ontario Trillium Benefit?
To apply for the Ontario Trillium Benefit, you must file your income tax and benefit return and complete the ON-BEN application form, even with no income. The Canada Revenue Agency will then determine your eligibility based on your tax return.
The filing deadline is April 30. For married or common-law partners, the Ontario Sales Tax Credit goes to the first assessed return, while the Ontario Energy and Property Tax/Northern Ontario Energy Credit goes to the person completing Form ON-BEN, with the amount unchanged.
If you're turning 18 before June 2025, file your 2023 tax return by April 30, 2024, to receive payments after you turn 18 if eligible.
How much can you receive from the Ontario Trillium Benefit?
According to the Ontario government, the amount that you receive will depend on your: age, income, residence, family size and amount paid in rent or property tax.
The Ontario Trillium Benefit is comprised of payments from the Northern Ontario Energy Credit, which could allow you to receive a maximum of $180 if you're single, or $277 if you're a family, the Ontario Energy and Property Tax Credit, which pays a maximum of $1,248 if you're between 18 and 65 years old, or $1,421 if you're 65 or older, and the Ontario Sales Tax Credit, which pays up to $360.
When do Ontario Trillium Benefit payments go out?
The next Ontario Trillium Benefit payment is expected to go out on: July 10, 2024. The follow payment dates for the remainder of the year are as follows:
- August 9, 2024
- September 10, 2024
- October 10, 2024
- November 8, 2024
- December 10, 2024
This article's cover image was used for illustrative purposes only.