Lifelong Learning Plan

Lifelong Learning Plan
A provision applicable to the Canadian Registered Retirement Savings Plan (RRSP). The plan allows RRSP contributors a non-taxable temporary withdrawal of up to $20,000 from their accounts in order to finance their education or that of their spouse. The provision is subject to limitations, such as a $10,000 annual withdrawal limit and a maximum repayment period of 10 years, after which the ability to recontribute the borrowed sum is lost.

Similar to the Canadian government's Home Buyer's Plan, this provision is intended to allow Canadians to finance their education without losing the benefits of tax-deferral in building their retirement nest egg.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Learning and Skills Council — The Learning and Skills Council is a non departmental public body jointly sponsored by the Department for Innovation, Universities and Skills and Department of Children, Schools and families in England. Until June 2007, it was sponsored by to the …   Wikipedia

  • Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …   Wikipedia

  • Learning disabilities in special education — Some students with learning disabilities are eligible for special education services in the United States. Evaluation for Learning Disabilities Purposes of evaluation: # Identify children who have learning problems and may need special education… …   Wikipedia

  • National Institute for Lifelong Education — NILE (National Institute for Lifelong Education) is a national level organization, which is established base on article 19 of the Lifelong Education Act of Republic of Korea. The National Institute for Lifelong Education(NILE) makes its way… …   Wikipedia

  • History of personal learning environments — Personal Learning Environments are systems that help learners take control of and manage their own learning. This includes providing support for learners to * set their own learning goals * manage their learning; managing both content and process …   Wikipedia

  • Content and language integrated learning — (CLIL)[1][2] is a term created in 1994 by David Marsh and Anne Maljers as synonymous of language immersion or content based instruction. It s an approach for learning content through an additional language (foreign or second), thus teaching both… …   Wikipedia

  • Higher education in Ontario — includes postsecondary education and skills training regulated by the Ministry of Training, Colleges, and Universities and provided by universities, colleges of applied arts and technology, and private career colleges.Ministry of Training,… …   Wikipedia

  • Minister for Education and Science (Ireland) — The Minister for Education and Science ( ga. An Aire Oideachais agus Eolaíochta) is the senior minister at the Department of Education and Science in the Government of Ireland. The current Minister for Education and Science is Batt O Keeffe, TD.… …   Wikipedia

  • Minister for Education and Skills — Incumbent Ruairi Quinn since 9 March 2011 …   Wikipedia

  • Education in the People's Republic of China — This article is about education in the People s Republic of China. See Education in Hong Kong and Education in Macau for education in Hong Kong and Macau, respectively. For education in the Republic of China (Taiwan), see Education in the… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”