Can I claim unused interest carried forward from a student loan? There are amounts dating back 4 years. I payed off the loan this year. At home Mom, so no T4 to claim
Can I claim unused interest carried forward from a student loan? There are amounts dating back 4 years. I payed off the loan this year. At home Mom, so no T4 to claim
Can I claim unused interest carried forward from a student loan? There are amounts dating back 4 years. I payed off the loan this year. At home Mom, so no T4 to claim
Interest on student loans may be carried forward up to 5 years from the year the interest was paid. It is a non-refundable tax credit and therefore will only be claimed when you still have tax to reduce. Since you have no T4, if you have no other income exceeding your basic personal tax credit, the interest will be either be carried forward to next year or will expire if it was paid in 2011.
Can I claim unused interest carried forward from a student loan? There are amounts dating back 4 years. I payed off the loan this year. At home Mom, so no T4 to claim
Interest on student loans may be carried forward up to 5 years from the year the interest was paid. It is a non-refundable tax credit and therefore will only be claimed when you still have tax to reduce. Since you have no T4, if you have no other income exceeding your basic personal tax credit, the interest will be either be carried forward to next year or will expire if it was paid in 2011.
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