Is this guide for you? " Q: h7 J, U& Q4 v2 {; H6 nUse this guide if you want information about participating . i5 b# s+ k. l5 F) [6 O3 ain the Lifelong Learning Plan (LLP). 3 z) b. D) M. i" O3 U
The LLP allows you to withdraw amounts from your . T7 q8 g$ a& S; n* dregistered retirement savings plans (RRSPs) to finance ( V c( E# u* g& Q5 ~. P s
training or education for you or your spouse or : z( c! ^( D2 r8 U
common-law partner. You do not have to include the 6 T4 I& V8 G, Q2 z" iwithdrawn amounts in your income, and the RRSP issuer ( n9 q2 c" `: S3 s) ~ {3 J+ X& L( K& Xwill not withhold tax on these amounts. 2 D4 C) K* }3 N7 g* U
You have to repay these withdrawals to your RRSPs over a 2 _' }% [% F( X' N# z- g7 mperiod of no more than 10 years. Any amount that you do * f, Z6 }# v- V0 Q
not repay when it is due will be included in your income ( R5 H0 l3 {3 k; W+ k; B3 D" Qfor the year it was due.