Line 31900 – Interest paid on your student loans
Note: Line 31900 was line 319 before tax year 2019.
You may be eligible to claim an amount for the interest paid on your student loan in 2022 or the preceding 5 years for post-secondary education if you received it under:
- the Canada Student Loans Act
- the Canada Student Financial Assistance Act
- the Apprentice Loans Act
- provincial or territorial government laws similar to the acts above
Only you can claim an amount for the interest you, or a person related to you, paid on that loan in 2022 or the preceding 5 years.
You can claim an amount only for interest you have not already claimed. If you have no tax payable for the year the interest is paid, it is better for you to not to claim it on your return. You can carry the interest forward and apply it on your return for any of the next 5 years.
You cannot claim interest paid on any other kind of loan or student loan that has been 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 also cannot claim interest that you paid because of a judgment obtained after you failed to repay a student loan.
Completing your tax return
Enter the eligible amount of interest paid on your student loans on line 31900 of your return.
Claim the corresponding provincial or territorial non-refundable tax credit on line 58520 of your provincial or territorial Form 428.
For more information about your student loan and interest paid, visit Student Aid.
Keep all your documents in case the CRA asks to see them later.
Filing a paper return
Attach your documents for the amounts that you are claiming for 2022.
Doing taxes for someone who died
There may be special considerations when claiming amounts on line 31900 for someone who died.
Forms and publications
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