Is this guide for you? 7 ^( G- ]. }3 ~0 z5 i
Use this guide if you want information about participating ; a6 a) A2 U% E0 m1 bin the Lifelong Learning Plan (LLP). & U. s T& |' e3 O1 ~6 VThe LLP allows you to withdraw amounts from your 8 f; F% [2 R% q& G6 Vregistered retirement savings plans (RRSPs) to finance / M3 t" m0 S/ k& J! \4 h. N) i. p6 Y# v
training or education for you or your spouse or 7 ?" V+ R2 ~+ C# m- xcommon-law partner. You do not have to include the : i# h, e% S9 l5 E9 Qwithdrawn amounts in your income, and the RRSP issuer : r7 ?: x3 P Q. m4 w7 f' @# K
will not withhold tax on these amounts. ; x# ~) T/ v: W) }- W" i
You have to repay these withdrawals to your RRSPs over a 2 g, |( w7 f9 W# vperiod of no more than 10 years. Any amount that you do 3 F8 m# h/ g- E, [ z- I
not repay when it is due will be included in your income 5 q! A" h; u- [( ~- R- _& ]for the year it was due.