Is this guide for you? 7 F. h1 b1 ~$ |$ J- `Use this guide if you want information about participating % z( a6 i$ s6 j
in the Lifelong Learning Plan (LLP). / C2 u3 D9 B7 x6 }# ?' p
The LLP allows you to withdraw amounts from your 4 ?: s/ N5 C! U
registered retirement savings plans (RRSPs) to finance # Y! l, B5 G# a
training or education for you or your spouse or 2 S( P! a& u$ V6 J
common-law partner. You do not have to include the $ N6 J- E, ]: U) p. I% }withdrawn amounts in your income, and the RRSP issuer 6 { S- X" d5 {+ |will not withhold tax on these amounts. ' _( V3 Y( `5 k6 @0 X
You have to repay these withdrawals to your RRSPs over a 3 D3 T$ w. w! k q8 D- hperiod of no more than 10 years. Any amount that you do 7 Y3 C7 h x V
not repay when it is due will be included in your income $ q- j& x" s% j, y l q1 L- h4 Efor the year it was due.