Is this guide for you? 0 k; O0 Z4 v5 O C( ?, ]
Use this guide if you want information about participating ! B( w$ j( I( {+ _/ \' q$ |in the Lifelong Learning Plan (LLP). 7 u* c- {) r( r' D" {+ g- kThe LLP allows you to withdraw amounts from your . j& [' s" s( U! j2 A# |" O
registered retirement savings plans (RRSPs) to finance 1 p4 s% ^6 c6 y; Qtraining or education for you or your spouse or 2 s) Z5 G' p8 }9 @ a6 W
common-law partner. You do not have to include the # a0 ~0 O7 b& J9 U4 _9 l( C
withdrawn amounts in your income, and the RRSP issuer . h1 x6 j( ?9 P B0 S# @* H1 R- twill not withhold tax on these amounts. 0 z5 \9 Y9 P2 ^. wYou have to repay these withdrawals to your RRSPs over a % r T5 j# \1 g" P7 |1 y# Xperiod of no more than 10 years. Any amount that you do X; M/ H: X: X$ o$ Mnot repay when it is due will be included in your income . r# v# U1 k8 v; ^1 W- F/ j6 j6 [
for the year it was due.