Is this guide for you? $ [% Y5 ]. V8 H+ l7 ~( AUse this guide if you want information about participating 0 B& t1 f- k9 n# {, c% `
in the Lifelong Learning Plan (LLP). 5 R; t1 f9 f0 J2 R# ]( bThe LLP allows you to withdraw amounts from your / m) A; [2 d1 c" Sregistered retirement savings plans (RRSPs) to finance % s1 b, I& t6 K' D& |1 } n% d' {4 U) @training or education for you or your spouse or 5 F8 \6 S8 e5 A* e* |2 bcommon-law partner. You do not have to include the 5 T7 |7 p0 Z0 c0 M0 ^% f# T* `
withdrawn amounts in your income, and the RRSP issuer 3 Z/ Y3 h/ V# S( m
will not withhold tax on these amounts. & N) N% _) W' v) |You have to repay these withdrawals to your RRSPs over a 1 ?3 Y4 J7 ]) j0 j Cperiod of no more than 10 years. Any amount that you do : u% |/ _( j9 L0 n( N' Nnot repay when it is due will be included in your income ! ?- e+ f" v1 `/ ufor the year it was due.