Who qualifies for LLP (Lifetime Learning Plan)

My question is: Canadian-specific

QUESTION: Can I take money from my RSP to pay post-secondary tuition for my children without a tax penalty/tax hit? (Household income @$100,000)

Do I have to repay the RSP within a certain timeframe to avoid the tax penalty?

david ingram replies:

The answer is NO! You can only use an LLP for you or your spouse or common-law partner.

An LLP must be repaid with 10 equal paymnets over ten years. The maximum withdrawal is $10,000 in any one year with a $20,000 maximum withdrawal.