I have unused student interest from previous years and unused student tax credits from previous years. Can I use the interest as a deduction before the tax credit?
01680
1 Best answer
JanelleRB
Level 6
Oct 30, 2019 3:36:04 AM
Thank you for your question.
CRA has strict guidelines on how the credits are applied. The student(unused tuition) credits will be applied before the student loan interest.
1 Replies
JanelleRB
Level 6
Oct 30, 2019 3:36:04 AM
Thank you for your question.
CRA has strict guidelines on how the credits are applied. The student(unused tuition) credits will be applied before the student loan interest.