Pedro borrowed $10,000 from his RRSP in 2020 under the term of the Life-Long Learning Program (LLLP). He is scheduled to make his first repayment in 2024. However, Pedro has some extra money right now and decides to repay $3,000 this year rather than waiting until 2024 to do it?

Answer rating: 100% (QA)

If Pedro decides to repay 3000 of his RRSP loan under the Li... View the full answer