Is this guide for you? $ |% x5 N. g3 ?' `9 N* m( I1 kUse this guide if you want information about participating , `& T4 M) C( o4 \0 `2 H
in the Lifelong Learning Plan (LLP). 1 _2 @" {. W5 E- [& @6 ^The LLP allows you to withdraw amounts from your ?3 ?1 ]/ m) `! W# k' @5 \$ D
registered retirement savings plans (RRSPs) to finance 8 C( H0 x0 n: f; i: A4 ^training or education for you or your spouse or & }5 @3 d( V- P2 |1 V/ |5 p& f
common-law partner. You do not have to include the ! V* O# f g" L& }$ n3 Iwithdrawn amounts in your income, and the RRSP issuer ! A1 n! z. k" M$ Y
will not withhold tax on these amounts. . H& n9 S6 n+ B
You have to repay these withdrawals to your RRSPs over a 6 o) h' H5 u9 K2 n7 d {period of no more than 10 years. Any amount that you do % Y! v3 E4 E8 o3 x9 Knot repay when it is due will be included in your income + e6 D: k. \: |' Z6 k
for the year it was due.