Is this guide for you? 5 r6 \6 H, Y9 C' C4 w4 y- CUse this guide if you want information about participating ! }7 b" r( i( Vin the Lifelong Learning Plan (LLP). 7 Q2 O+ W' R' z' v- l, A
The LLP allows you to withdraw amounts from your 3 c3 r# l+ s/ h. }4 R5 D
registered retirement savings plans (RRSPs) to finance ) X' ?% P* r) c8 u7 {" X6 dtraining or education for you or your spouse or & u" C P6 Y2 F0 C5 L9 }common-law partner. You do not have to include the ' f _# W7 I' l v( s
withdrawn amounts in your income, and the RRSP issuer & ~" [: a+ J4 t# n; k
will not withhold tax on these amounts. + V3 x- \& V3 x
You have to repay these withdrawals to your RRSPs over a + V' E( j& [4 o; j! p: V; W/ J+ tperiod of no more than 10 years. Any amount that you do / q8 ?4 j3 I) q& @% h1 |- \5 ]
not repay when it is due will be included in your income # r, N: K; X* e( H1 `
for the year it was due.