Lifelong Learning Plan (LLP)
Canadian ProgramsA program that lets you withdraw up to $10,000 per year (to a maximum of $20,000) from your RRSP to finance full-time education for yourself or your spouse. The money must be repaid over 10 years.
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Registered Retirement Savings Plan (RRSP)
A tax-deferred savings account for retirement. Contributions reduce your taxable income now, and the investments grow tax-free inside the plan. You pay tax when you withdraw, ideally in retirement when your income and tax rate are lower.
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Post-Secondary Student Support Program (PSSSP)
A federal program that provides funding to First Nations and Inuit students for post-secondary education, covering tuition, books, travel, and living expenses. Funding is administered through your band or tribal council and is limited, so apply early.