Is this guide for you? 1 _' P+ B9 n% I2 u/ KUse this guide if you want information about participating 1 _$ A* w- j% k* Y# ein the Lifelong Learning Plan (LLP). 8 `: a# z" @' m! j$ vThe LLP allows you to withdraw amounts from your + N. y/ t* Y* d" R6 W5 xregistered retirement savings plans (RRSPs) to finance " ]8 j; B* D" Ntraining or education for you or your spouse or : }" O; t$ U3 l5 L; s8 Kcommon-law partner. You do not have to include the 6 i9 Y1 c9 G9 Q. {7 g" q
withdrawn amounts in your income, and the RRSP issuer * ]; n5 S) K& N/ Q/ T$ Iwill not withhold tax on these amounts. * l7 j+ `8 P: Q; bYou have to repay these withdrawals to your RRSPs over a 7 Q, `1 ^: q7 B* U5 L8 ` P# Q
period of no more than 10 years. Any amount that you do & x- R ?! e& u& T0 m) E$ G9 ynot repay when it is due will be included in your income , X4 N S% z/ jfor the year it was due.