Whether you’ve recently moved out of your parents’ home or you’ve recently encountered a change in your living situation and are now forced to pay the majority of the bills on your own, you’ve likely noticed how difficult it can be.
Paying for rent, property taxes and utilities can completely wipe out your bank account, and when that happens you’ll be hard-pressed to make ends meet to pay for other necessities like groceries or gas for your car.
|Ontario||Trillium Benefit||Dates in 2023|
|January 10, 2023||May 10, 2023||September 8, 2023|
|February 10, 2023||June 9, 2023||October 10, 2023|
|March 10, 2023||July 10, 2023||November 10, 2023|
|April 6, 2023||August 10, 2023||December 8, 2023|
This is why Canada’s Trillium benefit exists to help out low-income people who are struggling just to get by. We’ll tell you everything you need to know about Trillium, Trillium payment dates, eligibility and more in this article.
It’s likely just as important (and maybe even more so) to know what the Ontario Trillium Benefit is as it is to find out about Trillium payment dates, so we’ll provide you with and explanation of the benefit here.
OTB is a type of tax credit, which is refundable, designed to help low-to-middle income people in Ontario by offering a bit of financial relief. The purpose of the credit is to help with some of the financial strain caused by things like property taxes and utility bills which homeowners struggle with.
Trillium is actually made up of three different tax benefits:
Of course learning about Trillium payment dates is important, but many people who are just learning about Trillium don’t know much about its eligibility requirements.
Since OTB is made up of three separate tax benefits, there are three different sets of eligibility requirements.
To qualify for this tax benefit you have to meet one of these requirements:
Additionally, you have to have paid for one of the following:
The eligibility requirements for this benefit are quite similar to the last one.
You must meet one of these requirements:
You must also have paid for one of the following:
You can also qualify if you’ve lived in post-secondary school residence during the previous year.
The eligibility requirements for this benefit are slightly different from the previous two. You must meet one of the following criteria:
You don’t have to apply to receive the OSTC, but instead the CRA will determine your eligibility and then contact you if you qualify.
This is the section you’ll be most interested in if you’re here to learn about this year’s Trillium payment dates.
Here are the Trillium payment dates for 2023:
January 10, 2023
February 10, 2023
March 10, 2023
April 6, 2023
May 10, 2023
June 9, 2023
July 10, 2023
August 10, 2023
September 8, 2023
October 10, 2023
November 10, 2023
December 8, 2023
It’s worth knowing when discussing Trillium payment dates that if you receive $360 or less in annual OTB payments, then instead of keeping track of Trillium payment dates you’ll receive one payment in a lump sum in July.
If your annual benefit amount is more than $360, then you can choose to receive one lump-sum payment at the end of the payment year. When it comes to Trillium payment dates, the year runs from July to June of the next year, so to receive your lump-sum payment this way, you’d receive it June 2023.
Furthermore, if your total payment is under $2, you won’t receive a payment. But if your payment is between $2- $10, then they’ll round up and increase your payment to $10.
Another thing people typically want to know, aside from Trillium payment dates, is how much they can get from Trillium payments.
The amount you receive is dependent on a number of eligibility factors, such as the size of your family, your age, your residence, age, and the amount of your property tax or rent.
Here’s a look at how much you can get from Trillium payments:
The maximum amount you can receive from this payment is dependant on your family size.
There are a few factors that effect your payment amounts for this benefit:
The largest OSTC payment you can receive is $316. This goes for every adult and child in your household.
It’s far easier to use a payment calculator to estimate your payment amounts, so we tracked some down for you.
You can also use the Child and Family Benefits Calculator to determine your OTB payment amount.
Of course, learning about Trillium payment dates is important, but while you’re here you may want to learn a bit about the application process as well.
The first thing you need to know is that you’ll need to file your tax return as well as a benefit return to qualify for the OTB, and if you’re late filing then your payments may be delayed.
Here’s how to apply for OTB payments:
NOEC and OEPTC: To qualify for these two benefits you’ll need to fill out an ON-BEN form and submit it when you file your tax returns.
OSTC: There’s no specific form you need to file or application you’re required to submit to qualify for the OSTC. Instead, when you file your tax returns, the CRA will look over them and determine whether you qualify for the OSTC.
After the initial approval of your OTB payments, you’ll have to re-apply annually for them when you file your tax returns in order to keep receiving them.
The same amount for each OTB payment period isn’t guaranteed, which means that you may receive a different payment amount on different Trillium payment dates. The CRA adjusts your payments based on things like changes to your residence, family size and income.
Your eligibility requirements must be met at the first of the month on the payment month. This means that if you move out of Canada in May, then as long as your eligibility requirements were met for April and May, you qualify for payments in April and May that year, but not for the rest of the year.
The OTB is a tax-free payment, which means that it can’t be included as part of your taxable income. So, no the OTB isn’t taxable.
However, if you owe money to the CRA either from over payments on other benefits or from taxes then they can use your OTB payment to pay off the debt. Once the debt has been paid then the amount left over will be paid to you.
You have the option to either receive your OTB payments in the form of a paper cheque or direct deposit payments to your bank account. Direct deposit is by far the easiest option that ensures you’ll receive your payment faster than waiting for a cheque by mail.
If you require assistance in setting up direct deposit, you can always call the CRA at 1-800-959-8281.
There are a few instances in which you may have objections to your OTB benefits.
If you have an objection, you can contact the CRA. If you’d like to make a formal objection to the CRA you’ll need to follow the process they lay out in their Notice of Assessment or Reassessment guide, which you can find here.
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Here are the Trillium payment dates for 2023: January 10, 2023 February 10, 2023 March 10, 2023 April 9, 2023 May 10, 2023 June 10, 2023 July 8, 2023 August 10, 2023 September 9, 2023 October 7, 2023 November 10, 2023 December 9, 2023
Not only do you need to know about Trillium payment dates, you should know the maximum household income threshold to qualify for Trillium benefits. For a single person to qualify for OSTC they can have an income of $24,916, and for the NOEC they can have an income of $43, 602. The maximum for the OSTC is $31,144 and the maximum for the NOEC is $56, 060.
Another question that’s important for some people looking up Trillium payment dates is whether they can receive backpay. If the CRA doesn’t assess your tax returns until June 10, 2022 or after, then they’ll add payments for the previous Trillium payment dates to your first payment. You can expect your first payment around 4-8 weeks after your returns have been assessed. The rest of your Trillium payment dates will be on or around the 10th of each month. You can also choose to receive your payments in a lump sum at the end of the benefits year, which runs from July to June.
Here are the Trillium payment dates for 2022: January 10, 2022 February 10, 2022 March 10, 2022 April 9, 2022 May 10, 2022 June 10, 2022 July 8, 2022 August 10, 2022 September 9, 2022 October 7, 2022 November 10, 2022 December 9, 2022
Here are the Trillium payment dates for 2021: January 8, 2021 February 10, 2021 March 10, 2021 April 9, 2021 May 10, 2021 June 10, 2021 July 9, 2021 August 10, 2021 September 10, 2021 October 8, 2021 November 10, 2021 December 10, 2021
This is a common question for people new to Trillium who are looking to find out more about the program, as well as Trillium payment dates. When you apply for Trillium, your marital status as well as how many people live with you is taken into account. This means there’s no need for both spouses to apply. If your spouse has already applied for OTB benefits, then you don’t need to put in another application, either.