Academic standards are consistent with those of the University of Toronto, which holds TST accountable through a highly developed process of quality assurance.

[2] Some are primarily professional in character, while others are oriented to general theological studies or research.

During 1969-70, the success of this venture led to the foundation of the current Toronto School of Theology (TST).

Regis College and St. Augustine's Seminary entered into the consortium as member schools, and collaboration began in two professional programs, the MDiv and the MRE, supplementing the cooperation that already existed in the ThD and ThM programs.

Finally, in 1979 a Memorandum of Agreement with the University of Toronto made it possible for the member schools to grant conjoint basic and advanced degrees in theology.

The Toronto School of Theology's Arms and Flag were registered with the Canadian Heraldic Authority on March 1, 2001.

[3] The school's motto is the Greek word συνεργουντες (synergountes), which is taken from 2 Corinthians 6:1 and means "We work together with Him" (or more loosely translates to "Co-worker").

Both degrees are granted conjointly by the University of Toronto and the TST member school in which the student is registered.