You've always dreamed of changing your career but the costs of going back to school force you to abandon this life project? Stop putting aside this important project by using your RRSP!
The LLP allows you to withdraw from your RRSP without paying taxes to enable you or your spouse to receive training or pursue full-time education.
The LLP allows you to use your RRSP without paying taxes to fund training or a full-time education for you or your spouse. The withdrawal limit is $20,000 over 4 years with 10 years to repay the withdrawn amount.
Eligible training programs
For more information, visit the Revenue Canada site