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Which of the following statements about Lifelong Learning Plans (LLPs) is NOT correct? O An individual can only participate in this program once during his life. Repayments must begin no later than the fifth year after the year of the first Lifelong Learning Plan withdrawal (actually the sixth year if payments are made within 60 days of the end of the fifth year) If an individual ceases to be a resident of Canada, any unpaid balance under the LLP must be repaid before the date the tax return for the year of departure should be filed, or 60 days after becoming a non- resident, whichever date is earlier. An individual can only participate in this program once during his life The maximum withdrawal is $10,000 in any single year, to a cumulative total of $20.000 over four years. 9 T arch O e 15 DELL