Ontario residents are in for a welcome surprise this August. The Canada Revenue Agency (CRA) has approved three enhanced benefit payments that aim to relieve the financial pressure of rising living costs. These benefits include a boosted Canada Child Benefit (CCB), an upgraded Ontario Trillium Benefit (OTB), and increased support for seniors through Canada Pension Plan (CPP) and Old Age Security (OAS). If you’re […]
Exciting updates are on the horizon for Ontario residents as the Ontario Trillium Benefit (OTB) sees a notable increase in 2025. A tax-free early payment is scheduled for August 8, 2025, providing timely financial assistance amid rising living costs. This benefit targets low- and moderate-income Ontarians, offering essential support to cover expenses like rent, utilities, […]
Residents of Ontario should monitor their bank accounts closely this month, as the Ontario Trillium Benefit (OTB) is being deposited earlier than usual. Typically released on the 10th of each month, the August 2025 payment will instead be issued on Friday, August 8, since the standard date falls on a weekend. This adjustment ensures beneficiaries […]
The Canada Revenue Agency (CRA) has officially confirmed that eligible Ontario residents will receive a minimum of $360 tax-free through the Ontario Trillium Benefit (OTB) this year. This financial assistance is designed to help individuals and families handle the burden of increasing living expenses such as energy costs, housing, and sales tax. What Is the Ontario Trillium Benefit? The Ontario Trillium Benefit is a […]
