Interest paid on your student loan
Hi,
I guess I'm not the first in this situation, I've got a student line of credit when I was at school from a bank but I'm not sure I can claim the interest paid on it.
Quoting from the Students and income tax pamphlet from the CRA :
[QUOTE]Interest paid on your student loan
A loan may have been made to you under the Canada Student
Loans Act, the Canada Student Financial Assistance Act, or similar
provincial or territorial government laws for post-secondary
education.[/QUOTE]
Can I claim it even if it's not a gov backed loan?
Thank you
I guess I'm not the first in this situation, I've got a student line of credit when I was at school from a bank but I'm not sure I can claim the interest paid on it.
Quoting from the Students and income tax pamphlet from the CRA :
[QUOTE]Interest paid on your student loan
A loan may have been made to you under the Canada Student
Loans Act, the Canada Student Financial Assistance Act, or similar
provincial or territorial government laws for post-secondary
education.[/QUOTE]
Can I claim it even if it's not a gov backed loan?
Thank you
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