The Ontario Trillium Benefit (OTB) 2025 is a payment that is tax-free, which is a combination of three credits to assist low and middle-income residents of Ontario to cover their energy, property tax, and sales tax bills. This benefit is a payment of approximately 360 doing this October to many Ontarians.
Who is Eligible to Ontario Trillium Benefit of $360 in This Month?
- Residency: The candidate must be an Ontario resident on December 31, 2024.
- Filing taxes: Will have filled a 2024 income tax and benefits return, and ON-BEN form, where applicable.
- Age: 19 years old, or under 19 years old, in a common-law relationship, or a parent.
- Qualifying Credits The following will qualify one to receive it:
– The Ontario Sales Tax Credit (OSTC) is a provincial income tax credit, which is non-transferable.
– Ontario Energy and Property Tax credit (OEPTC)
– Northern Ontario Energy Credit (NOEC). - Expenses: In the case of OEPTC and NOEC, it should have paid rent, property taxes, or eligible energy expenses.
- Income: Income limits are used based on the size of the family; increase in income decreases the benefit or eliminates eligibility.
In Which Case Will the Payment be Issued?
- Payments are made monthly during the period between July and June but smaller amounts such as $360 are mostly made in lump sums.
- The payment on the OTB would be around October 10, 2025.
- The payments are given through direct deposit or mailed cheques.
How to Make Sure That You Get the Payment
- Complete your tax return in time and correctly, with Form ON-BEN where any claim is made to OEPTC or NOEC.
- If you have any personal and banking details, maintain them with CRA My Account portal.
- The CRA is a program that automatically evaluates the eligibility through the input of the information in your tax return.
FAQs
Q1: Am I eligible to receive Ontario Trillium Benefit payment?
A1: You are a resident of Ontario, on or before Dec 31, 2024, you are filing your 2024 tax return and you are eligible to receive at least one of the component credits of the OTB.
Q2: At what time will I receive the payment of the 360 money?
A2: The payment will be made in or about October 10, 2025, by direct deposit or mails.
Q3: Am I required to apply individually?
A3: No, to become eligible, it will be automatically evaluated by your submitted tax return and forms fill.
