Line 31900 - Interest paid on your student loans
Line 31900 - Interest paid on your student loans
You may be eligible to claim an amount for the interest paid on your student loan in 2025 or the preceding 5 years for post-secondary education if you received it under:
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the Canada Student Loans Act
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the Canada Student Financial Assistance Act
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the Apprentice Loans Act
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provincial or territorial government laws similar to the acts above
You cannot claim interest paid on any other kind of loan or student loan that was combined with another kind of loan. If you renegotiated your student loan with a bank or financial institution, or included it in an arrangement to consolidate your loans, the interest on the new loan does not qualify for this tax credit.
You cannot claim interest that you paid because of a judgment obtained after you failed to repay a student loan.
Only you can claim an amount for the interest you (or a person related to you) paid on your student loan in 2025 or the preceding 5 years.
If you have no tax payable in the year the interest is paid, it is better to carry the interest forward and use it to reduce your taxes in any of the next 5 years.
Enter the eligible amount of interest paid on your student loans on line 31900 of your return.
