$360 OTB Coming to Eligible Recipients in September 2024: The government of Canada offers multiple programs to all provinces which help people financially. One of the programs is known as the Ontario Trillium benefits. Only residents of Ontario can get the benefits of the program. The government offers financial assistance as a monthly payment. Readers are now interested in knowing details about the $360 OTB Coming to Eligible Recipients in September 2024.
The government will issue the next CAD 360 Ontario Trillium Benefit on 10th September 2024. Please note that the government neither charges nor provides interest on any underpayment and overpayment OTB. This also includes the delayed payment of the OTB. Under the OTB, tax credits like Ontario sales tax credit, Ontario energy and property tax credit and Northern Ontario energy credit are included. Scroll down the following article and get details regarding the Eligibility Criteria, Payment Dates and more.
$360 OTB Coming to Eligible Recipients in September 2024
The 2024 $360 OTB Coming to Eligible Recipients Amount is based on the individual’s income tax for the 2023 tax year and benefit return. The payments will be issued monthly from July 2024 to June 2025 for the same year. The OTB amount which is offered to beneficiaries is the total of the amounts an individual can get for each of the Ontario energy and property tax credits, the Northern Ontario energy credits, and the Ontario sales tax credits programs.
The benefit amount can be beneficiary anyhow they like. This is a kind of reward offered to eligible ones for paying their taxes on time. More details can be read below. On behalf of the Ontario provincial government, the Canada Revenue Agency issues the benefit payment to eligible beneficiaries.
Eligibility Criteria to Get the CAD 360 Ontario Trillium Benefit
The following section includes detailed information regarding the eligibility criteria which must be fulfilled by individuals for the $360 OTB Coming to Eligible Recipients. Below are the required eligibility conditions mentioned by the concerned authority:
- Individuals must be valid residents of Ontario.
- They must fulfill the eligibility criteria and be eligible to get an OTB payment for at least one of the following credits to get the OTB: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.
- Individuals must file their income tax return each year on time.
- Beneficiaries having an annual entitlement of $360 or less will get one lump‑sum payment in the first payment month.
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How to apply for the $360 OTB Coming to Eligible Recipients in September 2024?
Individuals will have to file their income tax and benefit return for the 2023 tax year to get benefits of the 2024 OTB. Please note that there is no need to apply for the 2024 Ontario sales tax credit component. The CRA officials will use the information from the tax return of 2023 to check the eligibility and entitlement.
There is no separate application form available through which beneficiaries can apply for the program. Individuals will have to fill out the applicable areas of Form ON‑BEN, Application for the 2024 Ontario Trillium Benefit and Ontario Senior Homeowners’ Property Tax Grant to get Ontario Trillium Benefits.
$360 OTB Payment Dates
The annual OTB Payment is typically divided by 12 and the payments are issued by the CRA officials on the 10th of each month. Please note that in case the payment date lies on a holiday or a weekend, the officials make the payment on the last working day. The following is the table showing the whole schedule of the 2024 Ontario Trillium Benefit:
| January 10, 2024 |
| February 9, 2024 |
| March 8, 2024 |
| April 10, 2024 |
| May 10, 2024 |
| June 10, 2024 |
| July 10, 2024 |
| August 9, 2024 |
| September 10, 2024 |
| October 10, 2024 |
| November 8, 2024 |
| December 10, 2024 |
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Frequently Asked Questions
How do we resolve queries regarding the CAD 360 Ontario Trillium Benefit?
Interested individuals who want to know more about the program before applying for it can resolve their queries by calling the province of Ontario at 1‑866‑ONT‑TAXS (1-866-668-8297).
How many credits are included in the $360 OTB Coming to Eligible Recipients in September 2024?
The Ontario Trillium Benefits consists of three tax credit programs i.e., Ontario Energy and Property Tax Credit (OEPTC), Northern Ontario Energy Credit (NOEC) and Ontario Sales Tax Credit (OSTC).
When will we get the $360 OTB Coming to Eligible Recipients in September 2024?
Eligible beneficiaries will get the benefits of the above-mentioned programs on th 10th of each month. So, the September payment will be issued on 10th September 2024.
