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Is this guide for you?
* E9 ?& a& F, g# Q# T' `Use this guide if you want information about participating
3 A$ `9 y# X3 [& Yin the Lifelong Learning Plan (LLP). " G1 [ `9 ]# }/ X7 W, U
The LLP allows you to withdraw amounts from your
! W* }2 @8 M) M; Z, b" oregistered retirement savings plans (RRSPs) to finance / O% ~1 B9 O3 b& K, D) C% r: o
training or education for you or your spouse or 6 x) i! G) F* }1 D. x9 {* `6 _
common-law partner. You do not have to include the , u, v: }9 d [% `4 B
withdrawn amounts in your income, and the RRSP issuer $ @2 W1 q8 S. Y9 ]
will not withhold tax on these amounts. / C @8 R0 C. E3 n% ?; W
You have to repay these withdrawals to your RRSPs over a
$ F% G! Z0 c V) rperiod of no more than 10 years. Any amount that you do
% m d% H3 @8 q2 e6 y R `3 J1 E1 Qnot repay when it is due will be included in your income
# @8 ~& L# o- Q# [; efor the year it was due. |
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