Is this guide for you? 6 M5 Y9 o! Q. T6 }/ m
Use this guide if you want information about participating # {& m4 k# t5 \; j
in the Lifelong Learning Plan (LLP). ' r/ r" Y; m6 }1 g+ {/ Y$ j% JThe LLP allows you to withdraw amounts from your $ f+ u) L9 P1 u5 N& w
registered retirement savings plans (RRSPs) to finance 1 i) d6 m1 i, [0 \; ?training or education for you or your spouse or & t: @9 l( g' \' G, W* h: Ocommon-law partner. You do not have to include the " N$ e' N9 k! G# i
withdrawn amounts in your income, and the RRSP issuer & y3 u2 Y# D E9 p- }
will not withhold tax on these amounts. & g- U2 G' C2 o& m2 D+ JYou have to repay these withdrawals to your RRSPs over a 7 k( z0 A+ ?1 x( j5 H4 H* b
period of no more than 10 years. Any amount that you do 4 Y" ^. E0 N }5 @% [: J
not repay when it is due will be included in your income , U8 u) j V3 p6 p3 K
for the year it was due.