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You could use
your contributions to purchase a first home (Home Buyers Plan [HBP] ) or return to school (Lifelong Learning Plan [LLP] )?
Only your contributions can be used for the
LLP. Your employer's contributions, if applicable, are locked in, which means they can be used only as of age 55.
The rate of return is adjusted based on age:
The actual rate may be higher or lower than the estimated rate.
The default contribution rate varies over time and is set at:
Contribution room under the
VRSP is subject to the same limit as the maximum
RRSP deduction limit.
An employee who does not participate in a group plan (RRSP or
TFSA) with a pay deduction or registered pension plan for a company with five or more employees.
The employee must be at least age 18; be entitled to a wage under the
Act respecting labour standards; and have accumulated one year of continuous service under the