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 2024 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 your student loan in 2024 or the preceding 5 years.

If you have no tax payable for the year the interest is paid, it is better for you to carry the interest forward and apply it on your return for any of the next 5 years.

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.

Supporting documents

Filing electronically

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 2024.

Doing taxes for someone who died

There may be special considerations when claiming amounts on line 31900 for someone who died.

Forms and publications

• Income Tax Package
• Guide P105, Students and Income Tax

Related topics

• Students

Government partners

• Apprentice Loans Act
• Canada Apprentice Loan Service Centre
• Canada Student Financial Assistance Act
• Canada Student Loans Act
• Student aid and education planning