LIFELONG LEARNING PLAN - THE BASICS

How to use your RRSP for school, when and how to repay it, what happens if you don't go to school or finish school, rules for non-residents.


TOPICS WE WILL COVER:

1. How does the Lifelong Learning Plan work
2. Lifelong Learning Plan eligibility
3. Lifelong Learning Plan withdrawal limit
4. How do I repay back my lifelong learning plan - when do I pay it back?
5. What happens if you do not repay it?
6. What happens if you become a non-resident under the plan?
7. What happens if you decide to not go to school OR not finish the program?


OTHER VIDEOS TO CHECK OUT:

REFUNDS AND CREDITS FOR STUDENTS :    • REFUNDS AND CREDITS FOR STUDENTS - Do...  
HOME BUYERS' PLAN :    • TURN YOUR RRSP INTO A DOWN PAYMENT - ...  
WHAT IS A SPOUSAL RRSP :    • WHAT IS A SPOUSAL RRSP?  RRSP vs Spou...  
HOW TO BUDGET AND SAVE :    • Видео  


HELPFUL LINKS:

LIFELONG LEARNING PLAN QUALIFYING EDUCATIONAL PROGRAM GUIDELINES: https://www.canada.ca/en/revenue-agen...


LLP WITHDRAWAL AS A NON-RESIDENT : https://www.canada.ca/en/revenue-agen...


RC96 : https://www.canada.ca/en/revenue-agen...




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