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using your RRSP's for continuing education


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#1 jcs mom

jcs mom

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Posted 16 February 2010 - 11:00 AM

Tip #8 - RRSP uses

RRSPs can be used for more than just retirement. They can also be used for:

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Education.You can withdraw up to $10,000 a year from your RRSP, without immediate taxation, to a maximum of $20,000 over a four-year period to fund your education in a qualified education program. You must repay your RRSP within 10 years.


Has anyone done this? i am curious to know if you think this was a good way to use some of that RRSP that you had been saving? also wondering if others know what are qualified "education programmes"