Is this guide for you? 3 S$ R5 |5 X m5 ^5 ]; p0 V$ P! Q1 uUse this guide if you want information about participating * [9 M. k' }# q$ T5 uin the Lifelong Learning Plan (LLP). / B5 o7 v \2 [% Q& iThe LLP allows you to withdraw amounts from your 9 L9 @( W; a+ }, v* r5 }registered retirement savings plans (RRSPs) to finance - ^4 j# w! K+ s% i7 r. A4 z* dtraining or education for you or your spouse or # ]& B4 p1 p8 v+ }) ^* G" C
common-law partner. You do not have to include the 3 m5 s- S# F0 ]: J: S9 I: A
withdrawn amounts in your income, and the RRSP issuer " F& v( I1 [# q0 z# @will not withhold tax on these amounts. : n- f* ]* S$ b' z1 |7 gYou have to repay these withdrawals to your RRSPs over a " F- P9 z7 X" M. b t' ]0 G' Y( X6 Gperiod of no more than 10 years. Any amount that you do / L' m3 X+ w8 O1 p( E3 I
not repay when it is due will be included in your income " K o% `+ i% i9 G3 t% J' Hfor the year it was due.