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Going back to school? Use this trick for tax savings.
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Going back to school? Use this trick for tax savings.

Two Minute Tax Tips

Going back to school? Use this trick for tax savings.

Plan ahead to get a tax bonus using the money you've saved for tuition The Canada Revenue Agency encourages continuing your education via the Lifelong Learning Plan, or LLP. Under this program you may make a tax-free withdrawal from your RRSPs when you are entering an educational program as a full-time student for at least [...]

By Personal Tax Advisors|September 20th, 2024|Two Minute Tax Tips|0 Comments

Use This Trick to Save Tax on Your Way Back to School
Gallery
Use This Trick to Save Tax on Your Way Back to School

Two Minute Tax Tips

Use This Trick to Save Tax on Your Way Back to School

If you’re thinking of heading back to school come September, a simple maneuver now can give you an extra tax boost in the future without costing you a cent. The Lifelong Learning Plan (LLP) is similar to the more familiar Home Buyers’ Plan (HBP): you can use money from your RRSP to help you with [...]

By Personal Tax Advisors|May 21st, 2013|Two Minute Tax Tips|0 Comments