Is this guide for you? 0 j5 e% |3 {7 H1 T$ gUse this guide if you want information about participating 5 ?" E7 [9 B! L. z. s! V4 X- e
in the Lifelong Learning Plan (LLP). 3 ]' `2 X9 u- ?3 ?* V1 f1 ~* W7 G
The LLP allows you to withdraw amounts from your ( w7 u$ _6 H' Bregistered retirement savings plans (RRSPs) to finance 8 B+ E3 k6 K5 L& d4 G
training or education for you or your spouse or + \! Z; y1 Z1 m O
common-law partner. You do not have to include the 1 |- K4 b) B6 H$ J/ ? swithdrawn amounts in your income, and the RRSP issuer 0 ~0 Q9 x& e S0 D, z7 B
will not withhold tax on these amounts. / z0 O% L1 ^5 I* \' s
You have to repay these withdrawals to your RRSPs over a * q/ q7 g) d0 \7 t3 tperiod of no more than 10 years. Any amount that you do k& r# f' I4 g7 _8 b5 ]7 i
not repay when it is due will be included in your income 1 N* e0 m; U( ifor the year it was due.