Is this guide for you? " I( K! ~( H/ V5 B/ F; R4 X$ y
Use this guide if you want information about participating ' \2 i# F Y/ o' A) o
in the Lifelong Learning Plan (LLP). 0 H6 i8 \9 w2 M" v0 QThe LLP allows you to withdraw amounts from your w+ O$ ]& Q+ R' {" d: R7 Yregistered retirement savings plans (RRSPs) to finance ; \$ c' ?2 ]* Ftraining or education for you or your spouse or . D* j; J% o; u: P5 Kcommon-law partner. You do not have to include the & }5 n* ]% |7 Bwithdrawn amounts in your income, and the RRSP issuer N. S% Z' b9 I' h$ y
will not withhold tax on these amounts. " b3 Q2 F/ ~ D( E& G1 U9 F! `You have to repay these withdrawals to your RRSPs over a ' H! Y, E1 `+ [$ a5 v
period of no more than 10 years. Any amount that you do 3 ^8 Q& l, p8 n
not repay when it is due will be included in your income ; G. |, Q2 Z" {" Nfor the year it was due.