Lifelong Learning Plan
Cosmic College
Lifelong Learning Plan
Lifelong Learning Plan (LLP) is a program that allows Canadian taxpayers to withdraw funds from their Registered Retirement Savings Plans (RRSPs) to finance their education or training. Here are some key points about the LLP:
It’s important to note that while the LLP can provide financial assistance for education or training, there are specific rules and guidelines that must be followed to ensure compliance with the program requirements.
For more detailed information and to stay up to date on any changes or updates to the LLP, it’s recommended to visit the Canada Revenue Agency website or consult with a tax professional.
The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw RRSPs to finance your education. You may use your own RRSP or your spouse’s (or common-law partner). Limits apply.
For more details, we encourage you to visit the Canada Revenue Agency website at:
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