Ontario Trillium Benefit – Monthly vs. Lump Sum

If you are receiving any of the 3 tax credits that have been rolled into the Ontario Trillium Benefit, the benefit year runs from July of one year to June 30 of the following year and is based on information from your prior year personal income tax return. For example, the July 2022 to June 2023 benefit year is based on your 2021 tax return.

If you qualify for Ontario Trillium Benefit and your benefit is over $360, you will receive monthly payments on the 10th of each month.

If your Ontario Trillium Benefit for is $360 or less, and you file your tax return by April 30th, you should receive the entire amount as a single payment in July.

Starting with the 2014-2015 benefit year,  you have a choice between getting your Ontario Trillium Benefit payments monthly or as a single payment at the end of the benefit year.

For example, you can choose to have a single payment on June 10 2023 (EXAMPLE: if your benefit is $1200, you will receive 1 cheque on June 10, 2023 for $1200) instead of monthly payments during the benefit year, which begins July 2022 (EXAMPLE: if your benefit is $1200, you will receive $100 a month between July 10, 2022 and June 10, 2023).

Find out more: The Ontario Trillium Benefit: More Choice for People.

If you choose to wait until June 2023 to receive your lump sum, you must advise me when you drop off your tax return, otherwise, monthly payments will continue.

Posted in: GENERAL INFORMATION ABOUT REVENUE CANADA