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Student loan interest is not deducted
I added my student loan interest paid but it says amount claimed for 2016 is 0? Why isn't it deducting it?
October 30, 2019
12:10 AM
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Seniors and students
If you do not have income tax payable in 2016 the deduction available for your student loan interest has been set up as a carry forward for future use. This will be reflected in your total carry forward information tracked by CRA and available at "MyAccount" online.
October 30, 2019
12:10 AM
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Seniors and students
Okay, looking at my return, it looks like I only owe money to contribute to the CPP. So I guess that's why. Thanks!
October 30, 2019
12:10 AM