The withdrawals from an RRSP for
continuing education are exempt from federal tax.
You can withdraw a maximum of $
20,000 and the annual limit will be $ 10,000.
You will have a maximum of four
years to make withdrawals.
Terms
You must be enrolled in training
or higher education full time for at least three
months during the year.
Students with disabilities may
qualify even if they are studying part time.
Reimbursement
You must start repaying your RRSP
the year after the end of your studies full time or
after the sixth year after your first withdrawal at
the latest.
Repayment is in equal instalments over 10 years.
No interest payable.