The Ontario Trillium Benefit (OTB) is a combined payment that includes three credits:
- Ontario Energy and Property Tax Credit (OEPTC)
- Northern Ontario Energy Credit (NOEC)
- Ontario Sales Tax Credit (OSTC)
Purpose:
- Helps Ontario residents with energy costs
- Provides relief on sales and property taxes
Eligibility:
Related benefit for seniors:
- Ontario Senior Homeowners' Property Tax Grant (OSHPTG)
- Helps offset property taxes for low to moderate-income senior homeowners
How to apply using Wealthsimple Tax:
- Add the Ontario Trillium Benefit: Property and Energy Tax Grants and Credits section to your profile
- Claim the credits relevant to your situation
- Enter your rent, property tax, and/or energy costs as applicable
Important notes:
- The Canada Revenue Agency (CRA) determines your eligibility based on your tax return
- The CRA will inform you if you're entitled to receive the credit and the amount
- Payment dates and specific situations may vary
- Check the CRA's Q&A for more details
Remember:
- Keep all relevant receipts and documents for your records
- Update your information with the CRA if your situation changes
If you have questions about your eligibility for the Ontario Trillium Benefit or related credits, consider consulting with a tax expert. For assistance entering this information in Wealthsimple Tax, please contact Wealthsimple support.
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