How can I create a koss carry back so I can benefit from the interest paid on my student loan?

[firstechogirl1]

When I paid off my loan I tok out a personal loan to do it as I thought the student loan would affect my credit rating.  I did not realize I could write off the interest.  Can I somehow carry the loss forward and claim it now?Write more details about your question here...

[firstechogirl1]

The problem is that I paid the government off in 1998 and that is more than 5 years ago.  Is their some rule for idiots who didn't know about writing off their student loan interest?  My interest totaled 7,500.  I think I should get some benefit.

[taxnano]

Consider filing  a T1-Adjustment for any of those previous years if it will make any difference in your returns. You can search the forum how to complete the T1-adj form.

[taxnano · Accepted solution]

The interest on the personal loan is not deductible. However, the  accrued interest on the student loan before you paid it off is eligible for a deduction. You can claim that portion now or carry it forward to a later year.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/319-eng.html