Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Are part-time students at a university eligible to participate in the Lifelong Learning Plan (LLP)?
Position: No, only full-time students in a qualifying educational program are eligible for the LLP. Policy issue referred to Finance.
Reasons: Conditions of subsection 146.02(1) of the Act.
Signed on February 9, 2007
XXXXXXXXXX
Dear XXXXXXXXXX:
Mr. Michel Dorais, Commissioner of the Canada Revenue Agency (CRA), has asked me to reply to your letter received on January 15, 2007, concerning why part-time students are not eligible to participate in the Lifelong Learning Plan.
The Income Tax Act permits an individual who is enrolled as a full-time student in a qualifying educational program, and who satisfies certain other conditions, to withdraw an amount from his or her registered retirement savings plan under the Lifelong Learning Plan. The Lifelong Learning Plan is not available to individual's who are part-time students.
The CRA is responsible for administering and enforcing the Act as enacted by Parliament. Your questions and suggested amendment concerning the Plan relate to tax policy, which is the responsibility of the Department of Finance Canada. Any changes to the legislation would have to be considered by the Minister of Finance and approved by Parliament. It is therefore appropriate that you also sent this letter to the Honourable James M. Flaherty, Minister of Finance, for his consideration.
Thank you for having taken the time to write.
Sincerely,
Brian McCauley
Assistant Commissioner
Legislative Policy and
Regulatory Affairs Branch
Gary Allen
952-9853
January 24, 2007
2007-022094
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 2007
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 2007
Email this Content