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Is this guide for you?
! J9 S: ~7 b, t( e: F; Z) @Use this guide if you want information about participating
: t1 e1 A1 @' @- J' l! k' Din the Lifelong Learning Plan (LLP).
1 `# V' Y6 ^6 y( p+ EThe LLP allows you to withdraw amounts from your ( \: O- X: s y& {+ P. I2 L
registered retirement savings plans (RRSPs) to finance
7 \- \+ a; c( J/ v% r* P5 l# Btraining or education for you or your spouse or 6 F/ \4 h$ c9 F) y
common-law partner. You do not have to include the
: s: U% ?6 ^# L6 b! Z8 \withdrawn amounts in your income, and the RRSP issuer
: B2 K/ S" C. W, ?# F; u, Iwill not withhold tax on these amounts.
, J1 O" W5 `3 z H$ u3 ~+ ]: W4 cYou have to repay these withdrawals to your RRSPs over a
- H2 F' ^1 N F$ {; `% zperiod of no more than 10 years. Any amount that you do
, Y; z$ t7 x1 Y4 ?2 d5 a7 H5 {7 @not repay when it is due will be included in your income ) g+ j* B* \( Y
for the year it was due. |
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