Is this guide for you? 0 h1 H; k i$ q4 qUse this guide if you want information about participating + C; }* a5 }0 \% @ Win the Lifelong Learning Plan (LLP). ' v+ }6 Y/ d3 ?
The LLP allows you to withdraw amounts from your * ^% F9 R% Q' ?
registered retirement savings plans (RRSPs) to finance * W6 m) u/ `: etraining or education for you or your spouse or # N* E3 j; K2 z, i; @
common-law partner. You do not have to include the * P3 G! P$ S7 m; V: T, \6 Wwithdrawn amounts in your income, and the RRSP issuer + F; J5 x U' [ Uwill not withhold tax on these amounts. * C7 w% f; i5 J6 ?# rYou have to repay these withdrawals to your RRSPs over a 9 u/ M3 d# |8 q. y
period of no more than 10 years. Any amount that you do " J8 h: K- {1 P5 I# Y* Q
not repay when it is due will be included in your income 9 P7 B1 _; C3 t1 }; B" f% vfor the year it was due.