Is this guide for you? 4 d6 j9 b. q6 S+ w0 w1 k% gUse this guide if you want information about participating : c+ Y2 v5 G; w7 a: g7 s6 B
in the Lifelong Learning Plan (LLP). 0 _& S& p6 ?5 a5 k |& N( zThe LLP allows you to withdraw amounts from your ) E; g- ?* m) g
registered retirement savings plans (RRSPs) to finance ! b Z# o) }% N/ Jtraining or education for you or your spouse or 2 { N* [6 g0 E9 {
common-law partner. You do not have to include the % Z& l c. b- {5 E4 J: ~/ I7 i
withdrawn amounts in your income, and the RRSP issuer " R9 ^% H' h" I" T: \' w+ ]
will not withhold tax on these amounts. 3 \7 L0 \$ `# _" ^9 I
You have to repay these withdrawals to your RRSPs over a 2 p' h. Q# f9 O6 t5 O
period of no more than 10 years. Any amount that you do ! j s1 D B4 N6 ?' N
not repay when it is due will be included in your income ) p! o i2 k& H
for the year it was due.