Example
Withdraw $10,000/yr for two years for grad school → repay $2,000/yr for 10 years starting 5 years after first withdrawal.
CRA source: RC4112
Disclaimer: Plain-language summary for educational purposes. Canada Tax Planner is software, not a tax professional. Consult a CPA before filing decisions involving incorporation, multi-province residency, or amounts above $5,000. Not affiliated with the Canada Revenue Agency.