Is this guide for you? ' r+ }& t2 ~1 [3 y
Use this guide if you want information about participating 5 J o& c1 u; u; v- y3 E i' ^3 r+ T
in the Lifelong Learning Plan (LLP). # ^: m. d! d& t% ^" `The LLP allows you to withdraw amounts from your : G% c/ _/ \( V" E# {/ yregistered retirement savings plans (RRSPs) to finance 6 B# o0 s& [: ], K
training or education for you or your spouse or * n# f8 Q" h1 h' v6 ~common-law partner. You do not have to include the . R+ u8 u) a! F# e1 w0 g Y3 Rwithdrawn amounts in your income, and the RRSP issuer 0 z+ x' ~( I* f. {8 f P) Ewill not withhold tax on these amounts. : @) y8 c. m/ ~7 ~% E& R# XYou have to repay these withdrawals to your RRSPs over a + V7 d- J7 Y! u0 xperiod of no more than 10 years. Any amount that you do . z- _; X2 J( {" P- r( C0 Onot repay when it is due will be included in your income % @% U# T' ^% u7 Q N, h4 Dfor the year it was due.