Finance your education
Whether you're looking to update your skills or get a fresh start, the RRSP and TFSA can help you reach your goal.
Saving in an RRSP to go back to school
An RRSP can help you save the money you'll need to go back to school through the Lifelong Learning Plan (LLP). Accordingly, you'll be able to use your savings today to change careers, upgrade your skills, or go back to school after retirement.
Go back to school faster thanks to the RRSP+ with the Fonds
In addition to RRSP deductions, the RRSP+ with the Fonds gives you an additional 30% in tax savings.1 If you reinvest these savings in your RRSP+, you'll reach your savings goal much faster.
Keep in mind that in order to be eligible to redeem your shares within the authorized limits, you must have held these Fonds shares for more than two years. Shares purchased after you resumed your studies cannot be redeemed under this criterion.
When you're ready to start the process, contact one of our Saving Services agents. They will be able to answer any questions you may have and send you the documentation you need. Call 1-800-567-3663 or visit our FAQ section for additional information.
Use your RRSP with FlexiFonds to go back to school
In addition providing you with all the tax benefits of an RRSP, the RRSP with FlexiFonds offers you the following:
- Three mutual funds with a strong focus on Québec
- Personalized, objective support from our FlexiFonds mutual fund advisors
- Access to your money when you need it
Keep in mind that, although you can withdraw your money whenever you want, the funds must have been held in your RRSP for at least 90 days to be eligible for the LLP.
The TFSA with FlexiFonds: A fantastic tool to help you go back to school
Because the TFSA allows your savings to grow tax-free, you won't pay taxes on the money you withdraw when you need it. This is extremely practical if you want to go back to school.