The Canada Revenue Agency provides a tax credit for interest paid on student loans in 2023. Eligible students can claim up to $2,500 in interest paid.
British Columbia residents may be eligible for a tax credit on interest paid on their student loans for the 2023 tax year. The credit is non-refundable and can reduce taxable income.
Use our calculator to determine your eligibility for the student loan interest tax credit in 2023. Simply enter your interest paid and taxable income to estimate your credit.
The University of British Columbia's financial aid office explains the student loan interest tax credit changes in the 2023 budget. Students can claim the credit on their tax return.
Global News provides an overview of the student loan interest tax credit for the 2023 tax year, including eligibility criteria and how to claim the credit.
Simon Fraser University's student financial services explains the tax credits available for student loan interest, including the federal and provincial credits for 2023.
Hoyes Michalos, a Canadian debt consulting firm, provides a comprehensive guide to the student loan interest tax credit for 2023, including eligibility and claiming the credit.
The Institute for Research on Public Policy publishes a research report on the effectiveness of the student loan interest tax credit in 2023, including its impact on student debt and financial aid.