Can my parents file tax return if they're paying for my loan

Hi, all

I did my undergraduate study at the University of Alberta, after that I went on for my Masters program for 2 years. The total of my student loan is 50,000. My parents are suggesting to pay 20,000 for me, as they feel that it's possible for them to claim some tax return.

I myself have about 20,000 in my savings, so they said they could pay it for me first and I pay them back, since I am earning much less than them now, it'd be more beneficial if that's eligible for tax return...

Does anyone have any info on this? Anything is appreciated!!

Tuition expenses are only transferable in the year they are incured, and only after the student has reduced his income to zero. Otherwise the student can carryforwrd the expenses until he has sufficient income to use it up.

The interst on student loans is only claimable by the student regardless who paid them.

The CRA general tax guide covers these smple issues.