Is this guide for you? 0 i6 V# H1 Q1 D" i! ?6 \! ^
Use this guide if you want information about participating 3 k2 N6 L$ p. lin the Lifelong Learning Plan (LLP). 4 R( X* t: r$ d! T3 IThe LLP allows you to withdraw amounts from your % d. Y: H; E4 \ f6 p: ~) p. y7 C
registered retirement savings plans (RRSPs) to finance $ j/ ]! v" ~0 H5 i7 ~* S
training or education for you or your spouse or % P0 g$ J& V: v, ncommon-law partner. You do not have to include the 6 R) j3 C. k: M& Swithdrawn amounts in your income, and the RRSP issuer ; `7 C7 I( Q" g b2 i" |will not withhold tax on these amounts. ' N5 { r1 ]! Z+ QYou have to repay these withdrawals to your RRSPs over a , ~: S8 }' n/ b
period of no more than 10 years. Any amount that you do * { V. X2 ~0 e
not repay when it is due will be included in your income " G' L& x8 o d' J) ?0 ?
for the year it was due.