Upgrade or new start? Finance your education with your RRSP.
Is this savings plan for you?
Main feature :Tax-sheltered investment income
Maximum annual withdrawal :$10,000 from your RRSP
Repayment :10-year period to repay the amount withdrawn
|Eligible training programs||Programs must:
You must have a letter confirming your admission and permitting you to enrol in such a program.
|Other||You can use funds from your RRSP for a Lifelong Learning Plan at the same time as a Home Buyers’ Plan (HBP), as long as you are eligible for an HBP.|
To find out more Visit the Canada Revenue Agency site.