Residence fees cannot be claimed as rent for income tax purposes. We do not issue a tax receipt for residence fees or meal plan payments.
Under the Income Tax Act, colleges & universities are exempt from paying municipal property taxes.
The Ontario Income Tax Act stipulates that all students living in designated college or 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.
We do not issue a tax receipt for residence fees or meal plan payments. For more information, visit the Government of Ontario Ministry of Finance website.