Is this guide for you? T! b* C7 j3 m3 V! zUse this guide if you want information about participating : b4 h( l) R6 C; h
in the Lifelong Learning Plan (LLP). + f* O' q) R( A+ L R* U6 ~5 EThe LLP allows you to withdraw amounts from your ) e/ H4 z: E* i9 O. O8 F6 O# i/ Rregistered retirement savings plans (RRSPs) to finance 8 {) U7 b0 s2 @1 M
training or education for you or your spouse or ' r$ f2 E3 n. H: s Q; K1 Icommon-law partner. You do not have to include the " e; W: D+ T1 L( b5 N' `" d) ?
withdrawn amounts in your income, and the RRSP issuer % h5 _' r- g5 ?! ] F# ?) s Z, Bwill not withhold tax on these amounts. " S. i4 i5 r$ X1 g8 x a
You have to repay these withdrawals to your RRSPs over a 3 w; C$ y' I" y( t3 r! Aperiod of no more than 10 years. Any amount that you do 1 V6 T* }; `$ e
not repay when it is due will be included in your income . ^9 A8 h* k* y- Nfor the year it was due.