Is this guide for you? i) T5 Y9 i; Q2 P
Use this guide if you want information about participating ' {! `0 G# D2 c
in the Lifelong Learning Plan (LLP). ' h5 @9 T4 s% U* m. O5 x* E5 Q3 {The LLP allows you to withdraw amounts from your 8 q" Y1 R* v) i5 D+ Rregistered retirement savings plans (RRSPs) to finance " j; R# e8 F& T) U' K5 _training or education for you or your spouse or 0 c1 D! H; X; j3 _# l3 `3 wcommon-law partner. You do not have to include the ; B0 _( f- Y2 m3 B
withdrawn amounts in your income, and the RRSP issuer , C7 P: S" w3 L) D/ R; ?# W
will not withhold tax on these amounts. . Z( e4 \, f0 S& `9 `; ~You have to repay these withdrawals to your RRSPs over a 9 j+ W$ w8 Z% h& l1 l3 @
period of no more than 10 years. Any amount that you do $ E/ u/ ]9 Z6 ~- O* {; Unot repay when it is due will be included in your income + c% K/ o$ a6 @) o) T5 _9 `for the year it was due.