If you participated in the Lifelong Learning Plan (LLP)

After the end of the year you reach the age of 71, you will not be able to repay any withdrawals to your RRSP. This is because you cannot contribute to an RRSP after the end of the year you turn 71 years old.

In the year you turn 71, you can choose one of the following:

• repay to your RRSP your remaining repayable balance;
• make a partial repayment to your RRSP. Your remaining repayable balance at the beginning of the year you turn 72 will be divided by the number of years remaining in your repayment period, and that calculated amount will be included as income on line 129 of your tax return for each of those years; or
• make no repayment to your RRSP. Your remaining repayable balance at the beginning of the year you turn 71 will be divided by the number of years remaining in your repayment period, and that calculated amount will be included as income on line 129 of your tax return for each of those years.

For more information, see Lifelong Learning Plan.