Lifelong Learning Plan

"An investment in knowledge pays the best interest."

Benjamin Franklin

 

Have you been thinking about upgrading your education to increase your income earning potential, but do not want to take on any new debt to fund the expense of tuition costs?

The Lifelong Learning Plan (LLP) gives you an interest-free loan from your RRSP, or from your spouse’s RRSP, up to $10,000 a year (to a maximum of $20,000) to finance full-time learning at a qualified educational institution.

Take a look at the following links for more details on how this may be a great option for you to upgrade your skills to start a new career and brighten your financial future.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html

Life Long Learning Plan link