I added my student loan interest paid but it says amount claimed for 2016 is 0? Why isn't it deducting it?
031214
1 Best answer
TurboTaxTerry
New Member
Oct 30, 2019 12:10:09 AM
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.
3 Replies
TurboTaxTerry
New Member
Oct 30, 2019 12:10:09 AM
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.
saheitt7
New Member
Oct 30, 2019 12:10:11 AM
Okay, looking at my return, it looks like I only owe money to contribute to the CPP. So I guess that's why. Thanks!