INTEREST PAID ON A STUDENT LOAN

You can claim a non-refundable tax credit if you (or a person related to you) paid interest after 1997 on a student loan that was granted to you under one of the following: the Act respecting financial assistance for education expenses the Canada Student Loans Act the Canada Student Financial Assistance Act the Apprentice Loans Act (federal statute) a law of a province other than Québec governing the granting of financial assistance to post-secondary students

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Tax Credit

Sectors

Finance, Educational Services

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

You can claim a non-refundable tax credit if you (or a person related to you) paid interest after 1997 on a student loan that was granted to you under one of the following:

the Act respecting financial assistance for education expenses
the Canada Student Loans Act
the Canada Student Financial Assistance Act
the Apprentice Loans Act (federal statute)
a law of a province other than Québec governing the granting of financial assistance to post-secondary students

However, you cannot claim an amount for interest paid on any other type of loan (such as a line of credit) or on a student loan that was combined with another type of loan, or for interest paid further to a court decision concerning your default on such a loan.

You are the only person who can claim an amount for the interest paid on the student loan granted to you.

Grant Application website

https://www.revenuquebec.ca/en/citizens/tax-credits/interest-paid-on-a-student-loan/