After entering information in the Interest Paid on Student Loans section, your refund or balance may not immediately change. Here's how to ensure your student loan interest is reflected in your tax calculation:

1. Use the Review & Optimize feature:
   • Click the Review & Optimize button in your Wealthsimple Tax profile
   • This recalculates your return, including optimal use of student loan interest
2. Alternatively, adjust amounts manually:
   • Go to the Review & Optimize section in your profile
   • Change the student loan interest amounts as needed

Why this process is necessary:

• Student loan interest can be carried forward for up to five years
• Wealthsimple Tax calculates the most beneficial way to use your student loan interest
• This prevents inadvertent use of interest that might be more valuable in future years

How Review & Optimize works:

• Runs numerous calculations
• Determines optimal claim amount for the current year
• Decides if carrying interest forward is more beneficial

Important notes:

• You retain control over interest allocation
• Review the suggested allocations before submitting your tax return
• You can manually adjust how student loan interest is used

Remember:

• Always use Review & Optimize after entering new information
• Check the allocation of student loan interest in the Review & Optimize section of your profile

If you need assistance with student loan interest entries or understanding the optimization results in Wealthsimple Tax, please contact Wealthsimple support. For questions about the tax implications of your student loan interest, consider consulting with a tax expert.