Is this guide for you? 1 ]$ w m9 ? K, [4 A1 GUse this guide if you want information about participating + {. ]+ ?: Q+ U" O5 qin the Lifelong Learning Plan (LLP). # t* P& R1 }( m/ j# q+ \
The LLP allows you to withdraw amounts from your 1 G+ Z- K4 K2 |" l' q/ G# h
registered retirement savings plans (RRSPs) to finance 2 b6 M* j% f; J1 o9 r- p
training or education for you or your spouse or * ~5 |9 g; ~7 y) _1 |; V. O2 v0 D
common-law partner. You do not have to include the # M! x+ n- a" k4 ?5 \withdrawn amounts in your income, and the RRSP issuer ' t' Z. N7 {, D s1 A3 p: C% j
will not withhold tax on these amounts. ( R O2 i% f' O5 ZYou have to repay these withdrawals to your RRSPs over a ( I5 H. n5 I0 l1 v' xperiod of no more than 10 years. Any amount that you do * G* w9 A/ S* @$ O" [6 V2 `
not repay when it is due will be included in your income 6 T) b4 V" h) M4 g" z
for the year it was due.