Lifelong Learning Plan (LLP) Withdrawals

Submit a request for a LLP Withdrawal

First, find the client's CRM Contact Record page by searching contact name in the search bar.

From the client's contact record, start by navigating into the Servicing (Service Request) tab, which is found in the middle panel of the contact record. Select Account Administration.

From there, you can select Special handling and proceed to specify the details of the request via the right sidebar pop-up.

Step 1:

Select Lifelong Learning Plan

Step 2:

Select the RRSP

Step 3:

Select an Offset account

The Offset account is used to de-register the funds before the EFT to the bank account.

Step 4:

Select the bank account where the funds will be deposited

Step 5:

Type the Amount
Add Attachment. RC96 Lifelong Learning Plan (LLP) Request to Withdraw Funds from an RRSP form

Select Submit. Now you can track your ticket.

Service Standard

Upon submission, the assets will be sold on the next available Friday, with settlement occurring four business days later. Then the withdrawal will be processed which takes 2 business days.