Residence 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 $25.00 for the time they resided in the student residence.
Therefore the amount that can be claimed for income tax purposes is $25.00 and not the full amount of residence fees paid.
For more information and to view the list of designated student residences, please visit the Ontario Ministry of Finance website and review the How Much Will I Receive section. The Designated Students’ Residences list can be found in the Publications section (at the bottom of the page).
Residence Fees, Brantford Campus
Please visit the Brantford Residential Services website for information about Brantford residence fees.