Repayments to your RRSP under the LLP

When you withdraw funds from your RRSP under the LLP, you have to make repayments to your RRSP and PRPP and/or SPP over a period of 10 years. Generally, for each year of your repayment period, you have to repay 1/10 of the total amount you withdrew until the LLP balance is zero.

Topics

• When and how to make a repayment
• When repayments must be made in less than 10 years
• If you repay earlier
• If you repay less than the amount required or do not repay at all
• Contributions that cannot be designated as repayments
• if you repay more than the amount required

Forms and publications

• Guide RC4112, Lifelong Learning Plan (LLP)