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    • $10,000

      • Under the LLP, you can withdraw up to $10,000 from your RRSPs in a calendar year. This is your annual LLP limit. The amount you withdraw is not limited to the amount of tuition or other education expenses. Your spouse or common-law partner can also withdraw up to $10,000 from their RRSPs under the LLP in the same year you do.

      Lifelong Learning Plan Withdrawals - Canada.ca

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  3. www.canada.ca › en › revenue-agencyLifelong Learning Plan Withdrawals - Canada.ca

    To make an LLP withdrawal, use Form RC96, Lifelong Learning Plan (LLP) Request to Withdraw Funds from an RRSP. You have to fill out Form RC96 for each withdrawal you make. Fill out Part 1 of Form RC96. You can name yourself or your spouse or common-law partner as the LLP student in Part 1.

  4. www.canada.ca › en › revenue-agencyLifelong Learning Plan - Canada.ca

    As long as you meet the LLP conditions every year, you can withdraw amounts from your RRSPs until January of the fourth calendar year after the year you made your first LLP withdrawal. You cannot withdraw more than $20,000 in total. You cannot withdraw funds from an SPP or a PRPP under the LLP.

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  6. www.canada.ca › rc4112 › lifelong-learning-planLifelong Learning Plan (LLP) - Canada.ca

    How much you can withdraw. Under the LLP, you can withdraw up to $10,000 from your RRSPs in a calendar year. This is your annual LLP limit. The amount you withdraw is not limited to the amount of tuition or other education expenses.

  7. support.commongoodplan.ca › hc › en-usCan I withdraw funds with the Lifelong Learning Plan (LLP)?

    The Lifelong Learning Plan (LLP) lets you take up to $10,000 per year (up to a $20,000 total) from your RRSP to pay for full-time education or training for yourself or your spouse. It’s a smart way to invest in your skills without paying taxes on the withdrawal right away.

  8. support22.hrblock.ca › en-ca › ContentRepayments to the Lifelong Learning Plan (LLP) - H&R Block

    Under the LLP you can withdraw up to $10,000 per year (up to a total of $20,000) from your RRSP to pay for full-time training or education for you or your spouse or common-law partner. In order to participate in the program, you or your spouse must meet all of the following conditions:

  9. www.nbc.ca › rrsp-withdrawal-for-educationRRSP withdrawal for education: How it works - National Bank

    Sep 20, 2023 · The Lifelong Learning Plan (LLP) lets you withdr aw funds from your RRSP to go back to school, with a promise that it will be reimbursed at a later date. This means you won’t have to pay taxes on the amounts used.

  10. www.desjardins.com › savings-plans › llpLifelong Learning Plan (LLP) - Desjardins

    You can withdraw $10,000 per year per person, up to $20,000 over 4 years. These limits are for each calendar year, from January 1 to December 31. For example, you can withdraw $10,000 in September then another $10,000 in January the next year if you're still eligible for the LLP at that time.

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