Fiscal and Financial Planning Guide 2024-2025
Students > Tax credit for interest paid on student loans
Les frais d’intérêts payés sur un prêt étudiant donnent droit à un crédit d’impôt de 32,11 %.
Only amounts for interest paid on student loans under the Act respecting financial assistance for education expenses (Quebec) or the federal Canada Student Loans Act are eligible. Interest paid on lines of credit offered to students by financial institutions is not eligible.
The unused portion of the fees may be carried forward for 5 years federally and without limit in Quebec. It is not transferable to the parents.
Students must obtain the annual statement of interest charges on eligible loans from their financial institution.