Is this guide for you? 6 z: X: N1 ?% p. GUse this guide if you want information about participating . |# f* s V: @6 ^in the Lifelong Learning Plan (LLP). 4 d0 A; Q2 x9 y; N7 U$ w, Z3 ZThe LLP allows you to withdraw amounts from your " {* E$ z9 g0 K9 x8 J9 I' n
registered retirement savings plans (RRSPs) to finance 2 \1 H9 ]9 V, _2 e0 Qtraining or education for you or your spouse or 6 P9 N: ?) C, n( K' gcommon-law partner. You do not have to include the 1 s" O0 v$ I6 Z" o8 K( D
withdrawn amounts in your income, and the RRSP issuer : x$ Y( k- A8 dwill not withhold tax on these amounts. # j/ p: L$ a6 p) q- _
You have to repay these withdrawals to your RRSPs over a ) ?6 U1 w( U$ b) t* hperiod of no more than 10 years. Any amount that you do ; @- J9 N' {: x$ O3 A* v A& x7 Onot repay when it is due will be included in your income ( G! O7 w6 d/ d- e
for the year it was due.