Get Rc4112

This guide provides clear and detailed instructions on how to complete the Rc4112 form, crucial for those participating in the Lifelong Learning Plan. By following these steps, users can easily navigate the online process to withdraw funds from their registered retirement savings plans to finance their or their partner's education.

Follow the steps to complete the Rc4112 form online.

1. Click the ‘Get Form’ button to access the Rc4112 form and open it in the editor.
2. In Part 1 of the form, specify if you or your spouse or common-law partner will be the LLP student by filling in the required personal information.
3. Indicate the amount you wish to withdraw, ensuring it does not exceed the annual limit of $10,000.
4. Submit the completed Part 1 to your RRSP issuer for their processing, as they will fill out Part 2 of the form.
5. Confirm with your RRSP issuer that no tax will be withheld on the withdrawal, provided all conditions of the LLP are met.
6. After the withdrawal, keep the T4RSP slip that will be sent by your RRSP issuer, as you will need it for your tax return.
7. Ensure to complete Schedule 7 when filing your tax return to track the LLP withdrawals and any repayments made.
8. Once all information is entered and saved, you can download, print, or share the completed form as needed.

Complete the Rc4112 form online to take advantage of the Lifelong Learning Plan and advance your educational financing options.