Is this guide for you? 7 @& X0 H. d1 O0 A9 _
Use this guide if you want information about participating 2 ^# _3 w1 H; J
in the Lifelong Learning Plan (LLP). ' h9 [8 K. p: U- Z" `
The LLP allows you to withdraw amounts from your 4 O5 @1 `$ h( O7 l0 [0 Hregistered retirement savings plans (RRSPs) to finance 6 R/ I N7 E+ Q2 Q6 ] R
training or education for you or your spouse or 9 x: n, t% O" `3 y+ c- l. K
common-law partner. You do not have to include the / p( R5 i0 p( n5 H4 j
withdrawn amounts in your income, and the RRSP issuer / K3 d2 Y- o6 a8 ^. O+ Z
will not withhold tax on these amounts. i' |: e) q- M, ?
You have to repay these withdrawals to your RRSPs over a 7 o7 g" W; c( T3 |1 r4 G
period of no more than 10 years. Any amount that you do 8 M3 j( m/ A3 R/ ?" w5 t
not repay when it is due will be included in your income : S0 c% E1 T) X- y9 t
for the year it was due.