RC96 Lifelong Learning Plan LLP Request to Canada Ca Form

Instructions and help about RC96 Lifelong Learning Plan LLP Request To Canada ca

Hi everyone and welcome back to another episode at The Independent Dollar. This channel focuses on personal finance videos in a way that is straightforward, unbiased and easy to understand. Today we're going to be looking at the basics of the Lifelong Learning Plan, a government program that allows you to withdraw money from your RRSP on a tax-free basis to help fund the cost of post-secondary education. Here are the points that we'll be covering today: Who can use a Lifelong Learning Plan? how much can you withdraw? when and how do you repay it? what happens if you don't make those repayment? what if you become a non-resident under the plan after you've made a withdrawal? and what happens if you decide either not to go to school or you don't finish your program? What is the Lifelong Learning Plan and who can use it? The Lifelong Learning Plan is a government program that allows you to withdraw money from your RRSP either for yourself or your spouse, to help fund the cost of post-secon