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Archive for the ‘Titlemax App’ category

The Canada Revenue Agency recognizes that repaying figuratively speaking could be economically hard in many cases. To aid offset some of that burden, the CRA supplies a deduction for qualifying student loan interest payments.

Eligible Interest

The CRA allows you to claim the attention you’ve got compensated on nearly all your post-secondary figuratively speaking on the tax statements. But, you can find limitations in the forms of loans that qualify:

  1. You can’t claim interest from unsecured loans or personal lines of credit even though you utilized those monies to pay for post-secondary training. Read more »