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saheitt7
New Member

Student loan interest is not deducted

I added my student loan interest paid but it says amount claimed for 2016 is 0? Why isn't it deducting it?

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Accepted Solutions

Student loan interest is not deducted

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.

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3 Replies

Student loan interest is not deducted

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

Student loan interest is not deducted

Okay, looking at my return, it looks like I only owe money to contribute to the CPP. So I guess that's why. Thanks!

Student loan interest is not deducted

You are welcome.