Currently set to Index
Currently set to Follow

What is the Ontario Trillium Benefit?

What Exactly is Part XIII Income Tax?
March 25, 2022
What Dividends Are Eligible and Non-Eligible?
March 25, 2022

Low-income families can get money back from the Ontario Trillium Benefit (OTB), which is a tax credit that can be used to pay for things like energy costs and sales taxes. It’s meant to help these families, so it’s there. It takes three tax credits and puts them all together in one payment.

  • The Ontario Energy Credit
  • The Ontario Energy and Property Credit
  • The Ontario Sales Tax Credit

The province of Ontario is paying for the credits, and the Canada Revenue Agency is in charge of paying them out to people. Direct deposit payments may show up in your account activity as “Canada PRO.”

Dates for the payment of Ontario Trillium Benefits in the province of Ontario

It doesn’t matter how much money you make, as long as it’s more than $360. You can choose to be paid every month or once a year. When you get paid every month, you get your money faster. At the end of the benefit year, you get a single payment. This is when you get your money.

There is no option for you to get paid monthly if your benefit is less than $360. You get paid in July each year for the last 12 months of each year.

The Northern Ontario Energy Credit

This tax-free payment is meant to help Northern Ontarians deal with the higher energy costs they face at home because of the cold weather there.

Eligibility for the 2022 benefit year

On December 31, 2021, you must be a resident of Northern Ontario. Before June 1, 2023, you must have done one or more of the following:

  • people who are at least 18 years old.
  • I have or have had a spouse or common-law partner in the past.
  • A parent who lives or used to live with your child.

Your eligibility also depends on where you live on the 1st of each month, so make sure to check that out too. You can get the November NOEC payment if you live in Sudbury on November 1 and move to London (Southern Ontario) at the end of November. You can’t get any more NOEC payments after that, though.

Credit amount

  • If you’re single, you can get up to $162.
  • Families could get as much as $249.

The Ontario Energy and Property Credit

This credit is tax-free money to help you pay your property taxes and sales tax on energy.

Eligibility for the 2022 benefit year

People who live in Ontario on December 31, 2021, and at least one of the following before June 1, 2023:

  • There must be someone who is at least 18 years old.
  • who is married or has been in a common-law relationship.
  • There must also be a parent who lives with or has lived with your child.

Your eligibility also depends on where you live on the 1st of each month, so make sure to check that out too. Suppose you move out of Ontario on November 10. If you get the OEPTC payment for that month, you won’t be able to get any more.

Credit amount

You could get up to:

  • Between 18 and 64 years old, $1,121.
  • People over 65 who live on a reserve or in a public long-term care home pay an extra $1,277 each year.
  • If you live on or near a reserve, the fee is $249.

The Ontario Sales Tax Credit

This tax-free payment is meant to help Ontarians with the sales tax they have to pay. It will help them save credit.

Eligibility for the 2022 benefit year

At some point before June 1, 2023, you must be a resident of Ontario and have at least one of the following:

  • 19 years of age or older
  • married or in a common-law relationship at the moment or in the past.
  • A parent who lives or used to live with your child.

Credit amount

You can get up to $324. This credit does not affect how much you owe in GST/HST credit.

You can get an extra credit of up to $324 if you do the following things:

  • The person you live with or are in a relationship with is
  • On the first of each payment month, each dependent child who is under 19 years of age on that date is paid.

Who Can Apply for Trillium Benefits in Ontario, and How?

OEPTC helps low-to middle-income families pay for property taxes as well as GST/HST on electricity. The credit is called the Ontario Energy and Property Tax Credit (OEPTC). If you qualify for either part of this tax credit, you can get it. People who lived in nursing homes, paid energy costs while living on an Ontario reserve, or lived in specially-designed post-secondary school residences in the previous year are eligible for this benefit. To be eligible, you must have paid property tax or rent for your main home in Ontario in the previous tax year.

The Northern Ontario Energy Credit helps low and middle-income families deal with the higher energy costs they face because they live north of where they live now. People who paid property taxes or rent for their main home in Ontario in the previous tax year paid for living expenses for a nursing home, or paid for energy costs while living on a Northern Ontario reserve can get help.

With the help of the Ontario Sales Tax Credit, low-to middle-income families can get back some of the GST and HST that they paid on goods and services during the year. As a result of how much your family made last year, you may be able to get an eligibility-free payment.

The Ontario Trillium Benefit can be claimed even if you don’t make any money. You need to file your tax return to get it. You can get the trillium benefits every time you file your tax return. Eligibility is based on how much money your family made in the last tax year. Because of changes in your family’s net income, where you live, your age, or your family status, your eligibility may change.

You can fill out the form “ON-BEN”, which is an application for the Ontario Trillium Benefit, and the Ontario Senior Homeowners’ Property Tax Grant, which must be filled out. There is a way for you to change your tax return if you forget to put in the ON-BEN. You can do this through CRA My Account or by mail. In TurboTax, this form will be filled out as you move through the provincial section of your tax return.

Conclusion

For low-income families in Ontario, Canada, the Ontario Trillium Benefit (OTB) helps them pay for things like electricity and sales tax. It takes three tax credits and puts them all together in one payment. A group called the Canada Revenue Agency is in charge of giving them to people. It is called the Ontario Energy and Property Tax Credit. It helps low-to middle-income families pay their property taxes. If you live with or are in a relationship with someone who is at least 19 years old, you can get an extra credit of up to $324.

There is a benefit called the Ontario Trillium Benefit that can be claimed even if you don’t make any money at all. It helps low and middle-income families deal with the higher energy costs they face because they live north of where they live now. The Northern Ontario Energy Credit does this by giving them money back. In order to be eligible, you have to have made enough money for your family last year.

Salman Rundhawa
Salman Rundhawa
Salman Rundhawa is the founder of Filing Taxes. Salman provides valuable tax planning, accounting, and income tax preparation services in Toronto, Mississauga, Oakville, and Hamilton.

Leave a Reply

Your email address will not be published. Required fields are marked *

416-479-8532