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Is this guide for you?
, `- ~" o' {! ]( X5 HUse this guide if you want information about participating
- [) X F. E! Uin the Lifelong Learning Plan (LLP). 3 l6 h3 e" I1 R( X2 J7 Y1 M
The LLP allows you to withdraw amounts from your
7 t, O0 n9 h/ _, ?) H; M( K0 c5 Iregistered retirement savings plans (RRSPs) to finance
2 P. M: r8 L: ^# utraining or education for you or your spouse or
+ ]5 O; z3 r4 _: tcommon-law partner. You do not have to include the + U# ^) \! j$ Q0 Y$ d
withdrawn amounts in your income, and the RRSP issuer * }5 t1 X+ N& G% [" J& @( z
will not withhold tax on these amounts. ( t! v0 m7 Z# b4 R
You have to repay these withdrawals to your RRSPs over a
& _, p4 U4 ]& speriod of no more than 10 years. Any amount that you do
1 P0 ?) V8 Q( F- i ynot repay when it is due will be included in your income
+ H0 S2 Y6 }8 P+ m/ _for the year it was due. |
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