Tax Guide/Saving and investing
Lifelong Learning Plan (LLP)
Updated November 4, 2026
The Lifelong Learning Plan lets you withdraw from your RRSP tax-free to pay for full-time training or education for you or your spouse.
| Rule | Detail |
|---|---|
| Annual limit | $10,000 |
| Total limit | $20,000 |
| Repayment | Over up to 10 years |
Required payments you miss are added to your income for that year. Students with a disability may qualify on a part-time basis.
Money taken from your RRSP stops growing inside the plan, so compare this with other funding.