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Is this guide for you?
a$ _8 [) o. v: D: `+ e* o! rUse this guide if you want information about participating
. `$ X) f4 q& lin the Lifelong Learning Plan (LLP). 5 c$ P4 C+ u' \6 A; e
The LLP allows you to withdraw amounts from your 9 e. \. a% H& O# X1 A; K+ `
registered retirement savings plans (RRSPs) to finance
" f& C5 p5 e. ?6 C' _) m' Ltraining or education for you or your spouse or - J# T2 c* h; G6 [. N, I+ f$ Q
common-law partner. You do not have to include the
4 T! Q0 w1 u) c+ Z0 bwithdrawn amounts in your income, and the RRSP issuer # ~5 K, t- ?0 ?" }
will not withhold tax on these amounts. 4 O3 I, n' V$ S& x% s
You have to repay these withdrawals to your RRSPs over a 0 d; q& Z4 F8 x4 m! o. x& E9 @2 n
period of no more than 10 years. Any amount that you do
3 q5 ?7 Q. u; k& d1 L$ W5 Enot repay when it is due will be included in your income 4 p" e6 i! b8 c" O, X
for the year it was due. |
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