Fiscal and Financial Planning Guide 2024-2025
Students > Tax credit for interest paid on student loans
Interest charges paid on a student loan qualify for a 32.5% tax credit.
Only amounts for interest paid on student loans under the Quebec Student Financial Assistance Act or the Canada Student Loans Act are eligible. Interest paid on a student line of credit offered by financial institutions is not eligible.
The unused portion of the costs can be carried over five years at the federal level and without limits in Quebec. It is not transferable to parents.
Students must obtain the statement of annual interest charges on eligible loans from their financial institution.