Is this guide for you? 2 A: p0 H. x* s6 }( p+ Z3 p
Use this guide if you want information about participating 1 `% g& a( X3 [& t7 l8 hin the Lifelong Learning Plan (LLP). 2 I5 _( G9 F5 D1 b5 l0 @6 q) _! t
The LLP allows you to withdraw amounts from your + B& I# U! O$ I6 N6 L
registered retirement savings plans (RRSPs) to finance + V( C1 G% L; D) I4 \8 o1 f0 etraining or education for you or your spouse or 8 e; C. a/ t) G( j* }. b" Ncommon-law partner. You do not have to include the ) U+ W% B' V$ r' G" F/ }. ?
withdrawn amounts in your income, and the RRSP issuer ' N* B4 u1 F& D/ H* g; |; n3 w6 ?
will not withhold tax on these amounts. , b" C% i+ a" d7 l/ A% U
You have to repay these withdrawals to your RRSPs over a ! u9 ?# R7 _& v+ L. V* u$ p" Xperiod of no more than 10 years. Any amount that you do * z" _) r$ x+ k1 F) knot repay when it is due will be included in your income 8 Y5 L( I7 O' K& W, e5 m* d4 Z
for the year it was due.