LIFE LONG LEARNING PLAN (LLP)

The LLP is a program that allows eligible individuals to make tax free withdrawals from an RRSP to finance full time education for themselves or their spouses.
Tax free withdraw may not exceed 10000 year. More than 1 withdrawal are permitted. Maximum withdraw is allowed 20000 in four years.
First repayment will start from fifth years the year in which the individual first received the funds. This payment should start within 60 days after 5th year. LLP repayments should be in equal instalments within 10 years.

Sahib Insurance advisors will provide their expert advice to the clients.