$1360 OTB Payment Date 2024 – When and who will get it?

$1360 CAD Ontario Trillium Benefit (OTB) payment is scheduled on the 10th of each month unless it falls on a weekend or holiday, in which case the payment will be issued on the last business day before the 10th. 

$1360 OTB Payment Date 2024

The Ontario Trillium Benefit (OTB) is a monthly payment provided by the province of Ontario to help low-to-moderate-income households pay for energy costs and assorted taxes. 

The payment schedule consists of 12 equal monthly installments, starting from January 10, 2024, and continuing on the 10th of each subsequent month from July to June of the next year.

If the 10th of the month falls on a weekend or statutory holiday, the OTB payment is made on the last working day preceding the 10th.

$1360 OTB Payment 2024 Eligibility 

To be eligible for a $1360 payment in 2024, you must meet the following criteria:

For Everyone:

  • A resident of Ontario: You must be a resident of Ontario for the entire previous year.
  • Tax Return: You must have filed your income tax and benefit return with the CRA for the previous year.
  • Not Institutionalised: You cannot be receiving full-time institutional care or incarcerated for more than 6 months consecutively.

65 and Over:

  • Maximum Payment: $1360 CAD annual
  • Income Requirement: Net income below specified thresholds (varies based on marital status). For example, in 2024, a single senior with a net income below $22,973 qualifies for the full amount.

How to apply for $1360 OTB Payment 2024?

$1360 OTB Payment Date

To apply for the $1,360 Ontario Trillium Benefit (OTB) payment in 2024, follow these steps:

File your income tax and benefit return: 

  • Submit your 2023 income tax and benefit return, which includes the ON-BEN Application Form, to apply for the 2024 OTB payment. The deadline for 2023 tax returns is April 30, 2024.
  • The Canada Revenue Agency (CRA) will assess your eligibility based on the information provided in your tax return.

Check your eligibility: 

  • Ensure that you meet the OTB payment’s residency, age, and tax filing requirements. 
  • You must be a resident of Ontario on December 31 of the previous year, at least 18 years old, and have filed your income tax return.

Wait for the payment: 

  • If your 2023 OTB annual entitlement is $360 or less, you will receive it in one lump-sum payment in the first payment month (usually July).
  •  If your 2022 return is assessed by June 9, 2023, your 2023 OTB payments will be issued on the 10th of each month, starting in July 2023. 
  • If your 2022 return is assessed after June 9, 2023, your first OTB payment, which will include any prior month entitlements, will be issued within four to eight weeks after your 2022 return is assessed.

$1360 OTB Payment Method

The $1360 OTB payment for 2024 is delivered to eligible recipients through two primary methods:

  • Direct Deposit: This is the preferred and most common method. If you have provided your bank account information on your income tax and benefit return filed with the Canada Revenue Agency (CRA), the OTB payments will be automatically deposited into your account on the scheduled dates (10th of every month).
  • Paper Cheque: If you haven’t provided your bank account information or don’t have a bank account, you will receive your OTB payments by mail in the form of a paper cheque. It’s important to note that cheques may take longer to arrive compared to direct deposits. 
  • If you lose your paper cheque, you can request a replacement from the CRA. However, there may be a delay in receiving the replacement cheque.

What if you don’t receive your $1360 payment on time?

If you haven’t received your $1360 OTB payment by the scheduled date (10th of the month), there are several steps you can take:

  • Wait a few days: Sometimes, payments may be delayed due to processing reasons or bank holidays. Give it a few extra days before assuming there’s a problem.
  • Check your bank account: Make sure you’re looking at the correct account and that there aren’t any holds or restrictions preventing the deposit.
  • Verify your eligibility: Double-check that you meet all the eligibility criteria for the OTB payment, including residency, income thresholds, and tax filing requirements. 
  • Contact the CRA: If you’ve confirmed your eligibility and waited a reasonable amount of time, reach out to the CRA for assistance. You can call them at 1-800-959-8281 or send a secure message through your CRA My Account portal.
  • Explain your situation: When contacting the CRA, be prepared to explain the following:
  • Your Social Insurance Number (SIN)
  • The expected date of your OTB payment
  • Whether you were expecting a direct deposit or a paper cheque
  • Any error messages or relevant information you’ve encountered

Go to Bscnursing Homepage To get Relevant Topics.

Leave a Comment