Is this guide for you? : f' @+ h6 ?. U
Use this guide if you want information about participating 8 @% S, o) |; _$ @in the Lifelong Learning Plan (LLP). * T& o+ R0 d! Z, G. i+ v2 O8 M# n; a
The LLP allows you to withdraw amounts from your $ r) _) z* o. Z( \* i; [! g
registered retirement savings plans (RRSPs) to finance 1 X& A9 L( D0 w& Q, l7 @. utraining or education for you or your spouse or $ f! U6 G( J1 p0 P
common-law partner. You do not have to include the 1 x% R7 U$ X8 m! u" {withdrawn amounts in your income, and the RRSP issuer ) x; V! `+ Y2 I" Y& P6 c7 z+ L! D* fwill not withhold tax on these amounts. 7 n) ~9 g8 p$ B6 l" `
You have to repay these withdrawals to your RRSPs over a # p- |% w" f Q7 r" n2 t5 P/ {period of no more than 10 years. Any amount that you do ( T5 r+ v: f! d& J) N
not repay when it is due will be included in your income ; R( \/ |% _# Ifor the year it was due.