Question
I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes? Also do I claim the amount in Canadian dollars?
I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes? Also do I claim the amount in Canadian dollars?
Answer
Since you're already living & working in the US, you can claim Canadian loan interest subject to certain conditions. It's better to contact the tax department in your organization or an independent tax consultant in your state of employment.
Since you're already living & working in the US, you can claim Canadian loan interest subject to certain conditions. It's better to contact the tax department in your organization or an independent tax consultant in your state of employment.
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