Student loan interest paid in 2023 or interest not claimed in a previous year

You can claim the interest you paid on your student loans to lower your income tax payable. However, you can only claim the interest you paid in 2023 (and any of the preceding 5 years, if not claimed already) if the loan was issued to you under:

Keep in mind, you cannot transfer these amounts to anyone else. Only you can claim the eligible interest amounts that you, or someone related to you, paid on your student loan. If you aren’t up to date in the repayment of your student loans, you can’t claim the interest you paid.

If you don’t need to claim all of your student loan interest amount to reduce your tax payable, any unused amounts can be carried forward for 5 years.