Tuesday, November 3rd, 2009
Have you ever thought about going back to school as an adult, but wondered how you would be able to afford it? In this post, we look at using money from an RRSP to finance a Lifelong Learning Plan. Click here for a comprehensive overview.
In 1998 the Federal Budget contained a new education funding plan called the Lifelong Learning Plan (LLP), which allows people tax-free withdrawals from an RRSP to finance post secondary education and skills training, either for themselves or their spouse, under certain conditions. (more…)
Tags: Education Planning, Investments, RRSP
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Thursday, October 29th, 2009
People are often surprised to discover how dramatically the cost of a post-secondary education has increased over the past decade. We’ve all heard how governments have scaled back spending on post-secondary education in an era of fiscal prudence. What is not always clear, however, is how these cutbacks will affect both students and parents in the future and what can be done about it today. (more…)
Tags: Education Planning, RESP
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Monday, September 21st, 2009
Now that the school year has come around again, you’ve probably spent some thinking about how to fund your child’s (or children’s) education without indebting the whole family to the government and to the banks. The good news is, from a tax and investment perspective, there has never been a better year to bring education funding into your financial plan.
Tags: Education
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