Our Fees

Even if you do not yet see your residence fees posted to ACORN, you are still required to make your payments as outlined on the Fees page of our website.

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

For first year students, please follow the steps below:

1. Pay the second instalment by August 2 according to your room type and meal plan selection (see the chart on the Fees page of our website)
2. Shortly after August 2, if you and your roommate have both paid the second instalment, you will receive an email allowing you to select your room on the StarRez portal
3. After your room is selected, your residence fees will be posted to your ACORN account

Please refer to our Fees page for further details including deadlines for payments.

• Your fees depend on your room type and meal plan
• Please refer to our Fees page for further details including deadlines for payments.

For more information about payments options, please review the University of Toronto Student Accounts payment information.

• 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 (please refer to your fees schedule for applicable deadlines)
• International payments can take more time
• If you submit your payment close to the August 2 deadline, please send a receipt or screenshot of your payment to chestnut.residence@utoronto.ca

• If you pay less than 5 business days before the deadline, it’s not likely that your payment will post by the deadline
• Check your ACORN account near to the deadline to see if your payment has appeared
• Please send a receipt or screenshot of your payment to chestnut.residence@utoronto.ca

• Outstanding charges on your account from prior sessions are subject to a service charge as of the 15 th 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.

You can find out more details by visiting our Fees section