Changes to the Ontario Trillium Benefit
Posted
May 30, 2012 Article Source
Ontario Ministry of Finance
Starting July 2012, the Ontario Trillium Benefit (OTB) combines, into one monthly payment, the Ontario Sales Tax Credit, the Ontario Energy and Property Tax Credit, and the Northern Ontario Energy Credit.
Through these refundable tax credits, Ontario provides relief to low- to moderate-income Ontarians to:
- help pay for energy costs
- provide relief for sales tax and property tax
The Ontario Trillium Benefit makes payments to Ontarians earlier and more frequently than before. This approach ensures that the payments better match when people incur these costs. In the past, most tax credits were paid once a year, after people filed their tax returns.
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