Residents pay for their room and meal plan together. All residents must sign up for the entire academic session (September-April); those who choose to leave residence early will be subject to the Withdrawal Policy.
2023-2024 residence fees vary based on your room assignment and preferred meal plan.
Single room with meal plan: $18,022 to $19,012
Double rooms with meal plan: $17,131 to $18,122
Note: SMC has a limited number of ensuite rooms available at a premium rate. Students can request ensuite consideration in their applications. Priority will be given to students registered with Accessibility Services and who require a housing accommodation.
| SORBARA HALL, HISTORIC HOUSES, BRENNAN HALL, ELMSLEY HALL & QUEEN’S PARK HALLS (MORE, FISHER & TEEFY) | ||
|---|---|---|
| Single Room 5-Day Meal Plan |
Single Room 7-Day Meal Plan |
|
| Deposit 1 | $ 1,000 | $ 1,000 |
| Deposit 2 | $ 1,000 | $ 1,000 |
| First Installment | $ 8,000 | $ 8,000 |
| Second Installment | $ 8,021 | $ 9,011 |
| Total Payment: | $ 18,021 | $ 19,011 |
| Double Room 5-Day Meal Plan |
Double Room 7-Day Meal Plan |
|
|---|---|---|
| Deposit 1 | $ 1,000 | $ 1,000 |
| Deposit 2 | $ 1,000 | $ 1,000 |
| First Installment | $ 8,000 | $ 8,000 |
| Second Installment | $ 7,131 | $ 8,121 |
| Total Payment: | $ 17,131 |
$ 18,121 |
RESIDENCE FEE DUE DATES
- Date of Offer Acceptance – First deposit of $1,000 is due at the time you accept your offer. This deposit must be paid through the online application (StarRez), and cannot be paid through ACORN/ROSI.
- July 25, 2023 – Second deposit of $1,000 is due. This deposit must be paid through the online application (StarRez), and cannot be paid through ACORN/ROSI.
- Students who pay their first deposit and subsequently elect to cancel their booking via StarRez by July 25, 2023 will receive 50% of the first deposit refunded. After July 25, 2023, both deposits are non-refundable.
- September 30, 2023 – The first installment is due for all residents. If you had been exempt from paying the deposit, that amount should be included in your first installment fee payment.
- November 30, 2023 – The second installment is due for all residents who are not receiving OSAP. This amount includes the remaining balance of your residence fees.
- January 31, 2024 – The second installment is due for all residents who are receiving OSAP and have deferred their fees on ROSI/ACORN. This amount includes the remaining balance of your residence fees.
Students who accept an offer to residence after move-in day are expected to make any outstanding payments, then follow any remaining payment deadlines.
How to Pay
All fees will be posted to your ACORN account in early August. Both deposit payments are made via your application in StarRez, while installments one and two must be made via ACORN. Residents can pay their residence fees at any Canadian financial institution, either in person or online. You need your account number and student number, which are located in the top-right corner of your ACORN account invoice. This will ensure your payment is credited to your account
St. Michael’s College or Student Accounts cannot accept payments in person. For more detailed instructions on how to make a payment from within or outside Canada, visit Student Accounts.
Incidental Fees
Students who live in SMC Residence but are affiliated with an academic division other than SMC (i.e. Professional Faculties, students from other Colleges, etc.) will be subject to the incidental fees that SMC students pay with their tuition. These fees amount to $116.83 for each of the Fall and Winter terms and are charged to your ACORN account.
Residence Council Fees
In addition to Room and Board Fees, all students living in residence agree to pay residence council fees. These fees amount to $11 per semester and are charged to your ACORN account with your residence fees. All funds are allocated to the nominated St. Michael’s Residence Council and dedicated to residence programming.
Late Payments
A service charge of 1.5% compounded monthly (19.56% per annum) will be levied by Student Accounts on the 15th of every month to the unpaid balance of the first installment beginning October 15th and to the unpaid balance of the second installment commencing December 15th until the entire residence account is paid in full.
Fee Deferrals
Student relying on OSAP or another government assistance program may defer their second installment payment to January 31, 2024. Fee deferral is not automatic. If you have successfully deferred your tuition fees, you have also deferred your residence fees. There is no separate deferral process for residence fees. For more information, visit ACORN Help here.
Withdrawal Policy
When you accept an offer of admission to residence, you agree to stay for the entire 8-month term. Early withdrawal from residence comes with serious financial implications, so we recommend students accept their offer only if they are sure they want to live in residence.
Withdrawal Penalty Schedule
Withdrawal penalties are charged for any withdrawal reason, including but not limited to: eviction for disciplinary related infractions, a revoked Offer of Admission from the University of Toronto, a decision to reside at home, off-site, or another college/residence, a decision to enroll at a different university or residence within the University of Toronto, or ceasing to attend the University of Toronto. Cancellations must be received via your current StarRez application, and will not be accepted in person.
|
Notice Date |
Vacating Date | Occupancy Fee |
Meal Plan Fee |
| July 26, 2023 to September 1, 2023 | N/A |
$2,000 |
N/A |
| Before September 30, 2023 | Between September 1-30, 2023 |
35% of occupancy fees |
35% of meal plan fees |
| Before October 31, 2023 | Between October 1-31, 2023 |
50% of occupancy fees |
50% of meal plan fees |
| Before November 30, 2023 | Between November 1-30, 2023 |
65% of occupancy fees |
65% of meal plan fees |
| Before November 30, 2023 | Between December 1 and Holiday Closure |
70% of occupancy fees |
70% of meal plan fees |
| After November 30, 2023 | Any Winter 2024 date |
100% of occupancy fees |
100% of meal plan fees |
Notes:
- The “notice date” is the date upon which the request to cancel and/or withdraw is received by the Office of the Dean of Students.
- The “vacating date” is the date upon which the resident moves out of residence and returns their room key(s).
- The minimum notice date must be two weeks prior to the vacating date. If less, the student is assessed the fees for the following notice period. (Example: If a student wants to move out by October 30 and gives notice on October 28, they will be assessed using the move-out of November 1-30 pro-ration rate.)
Income Tax Receipts
Residence and meal plan fees cannot be claimed as rent for income tax purposes. Under the Income Tax Act, universities are exempt from paying municipal property taxes.
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.
We do not issue tax receipts for residence fees or meal plan payments.
For more information and to view the list of designated student residences, please visit the Ontario Ministry of Finance and review the “Frequently Asked Questions” on Property Tax Credits.