Our Fees 2024-25

Deposits #1 and #2 will be paid through the StarRez Portal via Moneris. You will be prompted to pay the deposits as you complete the application.

After selecting a room, your fees will be posted to ACORN, and you will make the final two instalment payments there. For more information about payment options, please review the University of Toronto Student Accounts website.

Deposits are to be paid while completing the application on the StarRez Portal, before the fees have been posted to ACORN.

Residence fees for upper year students will be posted to ACORN mid-July to early August.

For first year students, after July 14, when both you and your roommate have paid the second deposit, you will receive an email allowing you to select your room on the StarRez Portal. Your fees will be posted to ACORN mid-to-late-August.

Both Instalment #1 and Instalment #2 can be paid through ACORN as soon as your fees are posted.

Please refer to the Fees Schedule for applicable deadlines.

For Instalment #1 and #2, it takes about 5-7 business days for payments to post to ACORN, so be sure to pay 5-10 days before the due dates. International payments may take more time.

Outstanding charges on your account from prior sessions are subject to a service charge as of the 15th of every month until paid in full

If not paid in full, any outstanding account balance is subject to a monthly service charge of 1.5% compounded (19.56% per annum); please refer to the University of Toronto Student Accounts website for rate changes

Yes, you can make both payment installments at the same time.

ACORN takes all payments and automatically allocates them to the oldest charge

As long as your ACORN account has a payment in the amount of the first installment we count it as paid, even if the payment was not allocated to your Chestnut charges

Residence fees cannot be deferred (like tuition fees).

Please note as well that OSAP funding has not typically been able to cover the full costs of both tuition and residence fees. As such, you’ll want to ensure you plan accordingly and we suggest first connecting with your Registrar’s office to determine what options may available to you in terms of financial aid (grants, bursaries, etc.).

Under the Income Tax Act, universities are exempt from paying municipal property taxes. As such, Residence fees cannot be claimed as rent for income tax purposes.

The Ontario Income Tax Act stipulates that all students living in designated university (tax-exempted) student residences are limited to an Ontario Energy and Property Tax Credit claim based on an occupancy cost of $25 for the time they resided in the student residence. Therefore, the amount that can be claimed for income tax purposes is $25 and not the full amount of residence fees paid. On Line 6114 (Student Residences) of your income tax return, tick the box to claim $25 as your occupancy cost for the part of the year you lived in residence.

For more information, please visit the Ontario Ministry of Finance website.