Is this guide for you? $ N/ ]/ z8 I6 n$ c) XUse this guide if you want information about participating * l8 g- R. \" E. n# ]4 d" m" |in the Lifelong Learning Plan (LLP). . U) N9 \2 O6 u1 p: P4 {% r* B9 NThe LLP allows you to withdraw amounts from your + i4 B* x1 T3 U; } E) N: e( u: F
registered retirement savings plans (RRSPs) to finance 9 T1 W" X& A. etraining or education for you or your spouse or & { H( E+ h5 S. Xcommon-law partner. You do not have to include the * k$ ?3 U- u! g0 Q3 E$ }
withdrawn amounts in your income, and the RRSP issuer 5 `4 F- U/ S& T/ c9 [( H Bwill not withhold tax on these amounts. 6 V) V6 M$ u& Y2 r& @
You have to repay these withdrawals to your RRSPs over a * C. ~5 G* j# }! z1 h
period of no more than 10 years. Any amount that you do 5 _) B: ^( U6 Q, h/ W
not repay when it is due will be included in your income " W) V! F% G% _+ k& U/ S6 bfor the year it was due.