Is this guide for you? * f! j3 D4 }# Q1 d0 S7 _Use this guide if you want information about participating ; W1 [7 V5 v: N4 din the Lifelong Learning Plan (LLP). d7 U2 M+ u6 S4 g& O- o+ Q# ~- d
The LLP allows you to withdraw amounts from your # S0 S$ b Q( F
registered retirement savings plans (RRSPs) to finance $ I+ d" c8 j7 p8 c8 q3 u) v) l- r, C5 q
training or education for you or your spouse or $ T5 K" X$ [6 A: k6 J# ?
common-law partner. You do not have to include the 6 d! [6 \& w# _) Lwithdrawn amounts in your income, and the RRSP issuer 3 c( p$ T/ }& m O( R, N* {will not withhold tax on these amounts. / A# x- y3 G. p$ b4 }! o4 f6 `7 {
You have to repay these withdrawals to your RRSPs over a * p: I h8 w; E. a& \
period of no more than 10 years. Any amount that you do 6 [- @# A5 w' W. f3 E! Jnot repay when it is due will be included in your income * l" N" z0 E& A5 c4 afor the year it was due.