Get the free Lifelong Learning Plan (LLP) Request to withdraw funds from an RRSP - cra-arc gc
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Protected B Lifelong Learning Plan (LLP) Request to Withdraw Funds from an RESP when completed Use this form to make a withdrawal from your registered retirement savings plan (RESP) under the LLP.
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What is lifelong learning plan llp?
The Lifelong Learning Plan (LLP) is a program that allows individuals to withdraw funds from their registered retirement savings plan (RRSP) to finance their education or that of their spouse or common-law partner.
Who is required to file lifelong learning plan llp?
Individuals who are Canadian residents and have an RRSP are eligible to file a Lifelong Learning Plan (LLP).
How to fill out lifelong learning plan llp?
To fill out a Lifelong Learning Plan (LLP), individuals must complete Form RC96 and submit it to the Canada Revenue Agency (CRA).
What is the purpose of lifelong learning plan llp?
The purpose of the Lifelong Learning Plan (LLP) is to help individuals finance their education or that of their spouse or common-law partner without incurring tax penalties for withdrawing funds from an RRSP.
What information must be reported on lifelong learning plan llp?
The Lifelong Learning Plan (LLP) requires individuals to report details of their RRSP account, the amount they plan to withdraw, and how the funds will be used for eligible education expenses.
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