CANADAVISA.com Immigration Forum
May 28, 2012, 03:29:37 pm
   Home   Assessment Help Search Login Register RSS  
*
Welcome, Guest. Please login or register.
Did you miss your activation email?

 News
 
Canada Immigration Forum > Working in Canada Topics > Canadian Finance and Taxation > Topic: If I consolidate my student loan with a personal loan?
Pages: [1]   Go Down
« previous next »
  Print  
Author Topic: If I consolidate my student loan with a personal loan?  (Read 232 times)
ronaldobrown
Newbie
*

Posts: 4
Ratings: +0
« on: January 26, 2012, 12:31:52 am »
I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
Logged
skin tags
remove skin tags
Jonboy
Star Member
****

Posts: 94
Ratings: +4
LANDED..........: 29-07-1999
« Reply #1 on: February 15, 2012, 06:23:57 pm »
No.
Logged
mdan1984
Full Member
***

Posts: 32
Ratings: +0
« Reply #2 on: March 16, 2012, 05:38:26 pm »
Quote from: Jonboy on February 15, 2012, 06:23:57 pm
No.

I didn't pay my student loan for a few months and by the time tax time came they took all 2500.00 from my return and put it to the student loan. Now its paid off. Does that show on my NOA? Would that effect me sponsoring someone to come to Canada when showing income levels through the NOA.
Logged
Pages: [1]   Go Up
  Print  
Canada Immigration Forum > Working in Canada Topics > Canadian Finance and Taxation > Topic: If I consolidate my student loan with a personal loan?
 « previous next »
 
Jump to:  

Powered by SMF 1.1.10 | SMF © 2006-2009, Simple Machines LLC