Hello;
New here, I recently moved to Canada from the US, have a US based private student loan which is now in repayment. I am Canadian, not American, however did not apply for any Canadian loans.
Question -
Can I apply for some special deduction on the loans I am paying to the US?
Can I consolidate the US loans here in Canada, either Federal or private loans?
Any advice on how to manage these loans in the most cost effective way is greatly appreciated.
ps - I can make the loan payments (after a lot of belt tightening) but like to get some deduction or tax benefit at the minimum.
Thanks in advance.
CRA deductions for paying US based Private Student Loan?
Moderator: Mark T Serbinski CA CPA