Is this guide for you? $ Y( Y9 v7 R- J' q
Use this guide if you want information about participating . N. W2 d- B3 f+ ^6 q$ x
in the Lifelong Learning Plan (LLP). + g# O9 J7 i, p& F1 H1 \
The LLP allows you to withdraw amounts from your ' B% B0 y& j" d1 D+ p5 B3 `; d' c1 M
registered retirement savings plans (RRSPs) to finance ' `0 j+ r- X/ B+ X4 f
training or education for you or your spouse or # `% x! Y; L# P5 X! n& L) x3 {common-law partner. You do not have to include the 1 r1 r; Z- o2 N% ?/ m6 n' O. h& Vwithdrawn amounts in your income, and the RRSP issuer 9 r, i3 J1 l# I( l$ a( g2 }, Uwill not withhold tax on these amounts. & b' ?8 V# i9 F$ \7 W# R
You have to repay these withdrawals to your RRSPs over a . W. d5 ~/ [/ T' Z( h7 n
period of no more than 10 years. Any amount that you do & ^5 o* R" A2 d# B0 g6 q. Fnot repay when it is due will be included in your income / k. p$ h: W9 j. Z% N% \for the year it was due.