Is this guide for you? ' x% R, M. g# I! f4 }% G4 S" AUse this guide if you want information about participating 1 F2 [5 J0 A- k! V0 Cin the Lifelong Learning Plan (LLP). # z/ D5 Z4 X( oThe LLP allows you to withdraw amounts from your + S3 p7 W+ @6 p4 h& v7 D; R
registered retirement savings plans (RRSPs) to finance : }2 U2 f4 Q$ |. S+ G; p2 |
training or education for you or your spouse or - \% Q2 |% }/ k
common-law partner. You do not have to include the ! R7 F* Q& S4 A' I; T5 Ewithdrawn amounts in your income, and the RRSP issuer / Y! H6 z+ K( T) m4 g: V1 v
will not withhold tax on these amounts. 6 W9 H/ F4 H( W' v* f5 `' D% C
You have to repay these withdrawals to your RRSPs over a . a: Z. N1 |$ O7 o R
period of no more than 10 years. Any amount that you do + L$ \# p {9 m; i
not repay when it is due will be included in your income ; r* N: {% n( @ r s4 @for the year it was due.