Fees

A non-refundable $500 deposit is required at the time of accepting your contract. The deposit will be credited to your Waterloo fee statement during the first term of your residence contract. Residence fees include an all-inclusive meal plan.

Residence fees are posted to students’ Quest accounts four or five weeks before classes begin for the term and are due just before the term begins. It is the student’s responsibility to monitor their account for updates that could result from changes to residence accommodations.

Students have multiple options for paying residence fees. More information about paying residence and tuition fees can be found on the University of Waterloo’s Student Accounts Web Page.

For income tax purposes, students in residence do not pay taxes on their residence fees as the University residences are on tax-exempt land.

If you lived in a residence at a designated Ontario university college or private school residence, you can claim only $25 as your occupancy cost for the part of the year you lived in such a residence.

Ontario tax credits are funded by the province. Canada Revenue Agency (CRA) administers the program on behalf of Ontario through the federal income tax system. Claim your $25 tax credit on form 5006-TC ON 479 Ontario Credits (student residence line 6114) included in your federal T1-General income tax return. An official letter from the University is not required as the student completes the information requested in the declaration.