If you or your partner paid interest on a government-issued student loan (such as OSAP in Ontario), you can claim it as a non-refundable tax credit on your federal and provincial tax return. This reduces the amount of tax you owe, but it won’t generate a refund if you don’t owe taxes.

A few key details:
✅ The loan must be from a government program (private loans don’t qualify).
✅ You can carry forward unclaimed interest for up to five years.
✅ You can’t claim interest if you refinanced your student loan with a private lender.