Questions? Call 416-367-4222

Repayable income tax-free RRSP withdrawals can now finance full-time training or education for a taxpayer or spouse. Students in full-time training or post-secondary education or their spouses may withdraw up to $10,000 per year from their RRSPs over a four-year period, as long as the total amount does not exceed $20,000. The amount withdrawn from the RRSP must be repaid in equal instalments over 10 years or it will be included in income for Canadian income tax purposes.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

RRSP Winthdrawals for Training
CRA Users Locked Out of their My Account: Canadian Tax Lawyer Guide
CRA Users Locked Out of their My Account: Canadian Tax Lawyer Guide
Seeking Punitive Damages from the CRA | Rotfleisch & Samulovitch PC
Tax Inquiry for Penalty has Charter Protection
Income Tax Collection Limitation Periods
Gordon v. Canada – Taxpayer Relief Canadian Tax Lawyer Case Comment
Man with glasses and pink dress shirt at desk with a laptop and income tax documentation on a clipboard
Canadian Taxpayer Rights: Toronto Income Tax Lawyer Analysis
Taxpayer Bill of Rights and Taxpayers’ Ombudsman
Non-Resident Withholding Tax – Interest Income – A Toronto Tax Lawyer Analysis