Is this guide for you? ( k$ m7 j- u9 W+ h" L$ S2 D6 S: kUse this guide if you want information about participating $ ` ^- {: z! d- `" U. N) i6 }in the Lifelong Learning Plan (LLP). , H6 c: K" q- y& ~" K4 ?% RThe LLP allows you to withdraw amounts from your 8 G1 h8 n2 X: f( }0 D% c! Jregistered retirement savings plans (RRSPs) to finance 3 {9 d0 [" p* v2 L! ]1 d
training or education for you or your spouse or & V5 b. Z6 W/ W- V! }0 S: o* zcommon-law partner. You do not have to include the 7 x; Z. O5 X+ M6 y2 w- p; gwithdrawn amounts in your income, and the RRSP issuer : ?* S8 Y0 a) V
will not withhold tax on these amounts. $ A; W$ Q/ d( VYou have to repay these withdrawals to your RRSPs over a 9 g, V$ \3 @) R+ X2 g! R- {period of no more than 10 years. Any amount that you do ; M- }. [, n3 e# F1 H$ P' h/ T
not repay when it is due will be included in your income # H: ~( H/ ^' ?' X; I( O5 t
for the year it was due.