Lifelong Learning Plan (LLP)

This plan allows you to withdraw funds from your RRSP, tax-free, to finance your or your spouse's full-time studies or training program.

It's as though you were granting yourself a ten-year, interest-free loan from your RRSPs!

Features

• Withdraw up to $10,000 per year, tax-free, from your RRSP.
• Total amount withdrawn cannot exceed $20,000 over four years.
• You have 10 years to pay the funds back into your RRSP.

Are you eligible?

You qualify for the LLP if you or your spouse are registered for an eligible training program¹ offered by a recognized teaching establishment, or if you have a letter confirming your admission and permitting you to enrol in such a program.

How do you pay it back?

Generally, in each year of your repayment period, you have to repay 1/10th of your original Lifelong Learning Plan balance until the full amount is repaid. The start date for the repayments depends on the status of the student.

	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone

1. An eligible program spans at least three consecutive months and requires at least 10 hours per week of course work.