Is this guide for you? 4 a5 [; u) X- r0 K6 WUse this guide if you want information about participating ; m9 U, U; R# q# _in the Lifelong Learning Plan (LLP). + j" J, W4 y+ B: X* j+ o- XThe LLP allows you to withdraw amounts from your 3 b1 B. X' ~# E% k, d) x9 hregistered retirement savings plans (RRSPs) to finance 9 d) F* x: t6 d G/ s v. n" ]training or education for you or your spouse or 4 j. U7 J# ^- M' Jcommon-law partner. You do not have to include the 6 @' [ h0 v7 `1 L9 Qwithdrawn amounts in your income, and the RRSP issuer ; x5 y) M( Q* D2 x. e/ e
will not withhold tax on these amounts. & f- e* U+ G* \8 K& `7 @
You have to repay these withdrawals to your RRSPs over a 5 k$ O# ]" b% F# G0 c
period of no more than 10 years. Any amount that you do 1 C' j$ |( v& Y( ^. ?
not repay when it is due will be included in your income 5 _4 b7 ^* v. ~% r A$ G$ W
for the year it was due.