Is this guide for you? : a5 j, N5 R8 n6 aUse this guide if you want information about participating ' M% b( C* H+ I/ S9 Q+ r8 k5 Cin the Lifelong Learning Plan (LLP). % s) x; R( C# d) W1 m
The LLP allows you to withdraw amounts from your * M/ v8 D; A1 a2 }5 e1 P1 o0 ?registered retirement savings plans (RRSPs) to finance * q* W" A/ N+ \: t4 xtraining or education for you or your spouse or 6 {; m6 M% _9 _" [% ^# ]7 Z) hcommon-law partner. You do not have to include the # z" }8 E4 j+ X/ T: @, z4 iwithdrawn amounts in your income, and the RRSP issuer ) n% B8 L ^+ `0 [! n$ Q
will not withhold tax on these amounts. + N+ {$ |$ M: q
You have to repay these withdrawals to your RRSPs over a * s( @+ X5 L. ?: uperiod of no more than 10 years. Any amount that you do 2 q7 Y- l# j. v) l* S& c4 {" anot repay when it is due will be included in your income 3 ]! M! }$ ~) E3 |& C9 {/ r
for the year it was due.