So, how does it work, and who qualifies? When is the subsequent OTB fee date, and the way will you obtain it? Study these particulars and extra on this overview of the OTB.
What’s the Ontario Trillium Profit?
The OTB is the mixed fee of three provincial advantages for Ontario residents. It is advisable to be eligible for no less than one in all these three credit to obtain the profit.
- Ontario vitality and property tax credit score (OEPTC): This tax-free credit score applies to a portion of eligible Ontario residents’ property tax and gross sales tax on vitality. Your OEPTC quantity will depend on a number of components, together with your age and marital standing, in addition to your vitality prices, property tax or lease paid in the course of the yr. The utmost OEPTC in 2025 is $1,461 for seniors aged 64 and older and $1,283 for different Canadians.
- The Northern Ontario vitality credit score (NOEC): This tax credit score is accessible to eligible Northern Ontario residents and offsets the upper vitality prices paid by these dwelling in that a part of the province. The NOEC quantity you obtain will depend on many components, together with your adjusted household web earnings, your marital standing and whether or not you will have youngsters. The utmost NOEC entitlement in 2025 is $185 for single people with no youngsters and $285 for {couples} and single dad and mom. In case you are a single particular person with no youngsters, the credit score is lowered by 1% of your adjusted web earnings over $49,885. And in case you are a household, the credit score is lowered by 1% of your adjusted household web earnings over $64,138.
- The Ontario gross sales tax credit score (OSTC): It is a tax-free fee to eligible Ontarians to offset gross sales tax. The 2025 OSTC offers a most annual credit score of $371 for every grownup and every little one in a household. The quantity obtained will depend on your age and marital standing.
Though the OTB is funded by the province of Ontario, the Canada Income Company (CRA) administers this system on behalf of the province.
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Ontario Trillium Profit dates in 2025
The OTB is issued on the tenth day of the month, each month. If that date falls on a weekend or statutory vacation, will probably be issued for the final “working day” earlier than the tenth. The OTB fee schedule (generally known as the profit yr) runs from July to June of the next calendar yr, as a result of funds are based mostly in your earlier yr’s tax returns.
The subsequent 2024 OTB funds, based mostly in your 2023 earnings tax return and issued in 2025, will likely be paid:
January 10, 2025February 10, 2025- March 10, 2025
- April 10, 2025
- Could 9, 2025
- June 10, 2025
The 2025 OTB funds, based mostly in your 2024 tax return and issued in 2025, will likely be paid:
- July 10, 2025
- August 8, 2025
- September 10, 2025
- October 10, 2025
- November 10, 2025
- December 10, 2025
How a lot is the Ontario Trillium Profit?
The OTB you obtain is the same as the mixed quantity for every of the Ontario vitality and property tax credit score, Northern Ontario vitality credit score and Ontario gross sales tax credit score.
The quantity obtained will depend on your:
