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Can i put the student line of credit interest under the student loan section?
i am trying to figure out if student loan and student line of credit should have similar behaviours when submitting taxes
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October 31, 2019
5:09 AM
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Seniors and students
Unfortunately, a student line of credit is not eligible for a tax credit. Only student loans distributed under the following programs are eligible for a tax credit:
- The Canada Student Loans Act
- The Canada Student Financial Assistance Act, and
- An equivalent provincial or territorial government law
Please see these articles for further information:
https://turbotax.intuit.ca/tips/who-is-eligible-for-student-loan-interest-tax-credit-5582
https://turbotax.intuit.ca/tips/claiming-student-loan-interest-on-your-tax-return-5588
October 31, 2019
5:09 AM