Member Services

Manage my Investments

Withdraw Funds for the Lifelong Learning Plan (LLP)

The Lifelong Learning Plan allows qualifying participants to withdraw money from their RRSP to put towards their education or that of their spouse or common-law partner. Participants then pay back the money into their RRSP over a specified period of time.

To request an RRSP withdrawal to put towards your education or that of a spouse or common-law partner

  1. Make sure you meet all conditions for LLP.
  2. Complete Form RC96, Lifelong Learning Plan (LLP) - Request to withdraw funds from an RRSP.

Important Notes:

  • Fixed GICs are not eligible for early redemption and must remain invested until the expiry of the selected term.
  • Your request will be completed within 1 business day of receipt of the completed form. Log in to online banking to verify your withdrawal.

For more information, eligibility rules, and application forms, visit the Government of Canada's website page, Lifelong Learning Plan (LLP).

New to Outlook?
Become a member.

Apply Now

Rates effective
Sep 18, 2025

  • 1.85% Savings
  • 3.50% 1 Year Term
  • 3.70% 5 Year Term
View all rates