Is this guide for you? & T$ q7 s3 n! e; t
Use this guide if you want information about participating x+ G/ _0 r7 O" b pin the Lifelong Learning Plan (LLP). ' `$ r \0 d& o! KThe LLP allows you to withdraw amounts from your v; `6 S3 `, m/ g" yregistered retirement savings plans (RRSPs) to finance ! D) F' n7 S+ ctraining or education for you or your spouse or " U/ E+ y: X5 C- Icommon-law partner. You do not have to include the " g. m6 V1 V5 L
withdrawn amounts in your income, and the RRSP issuer ! L Z' S$ L% \$ Ewill not withhold tax on these amounts. 8 F: i# Y. @0 U1 U. B5 ]
You have to repay these withdrawals to your RRSPs over a * A5 L' C4 m; A% U) F; }
period of no more than 10 years. Any amount that you do 0 [, V- t& i' i. k
not repay when it is due will be included in your income / B* Q+ m6 Y$ z* v \! q. S
for the year it was due.