Cancelling student loans in Canada may have tax implications. The Canada Revenue Agency considers forgiven loans as taxable income.
The University of Victoria's financial aid office explains the tax implications of cancelling student loans in British Columbia, including potential tax credits and deductions.
TurboTax Canada provides guidance on the tax implications of student loan forgiveness, including how to report forgiven loans on your tax return.
The Government of British Columbia's website outlines the tax considerations for the BC Student Loan Forgiveness Program, including potential tax implications for recipients.
MoneySense magazine explores the tax implications of cancelling student loans in Canada, including the potential impact on your tax bill and credit score.
Simon Fraser University researchers examine the tax implications of student loan cancellation in Canada, including the potential effects on economic outcomes and social mobility.
KPMG Canada provides an overview of the tax implications of student loan forgiveness in Canada, including the potential tax consequences for individuals and families.
CBC News reports on the British Columbia government's 2026 budget, including the introduction of a new student loan forgiveness program and its potential tax implications.