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Is this guide for you?
* u( @5 J5 `# V: IUse this guide if you want information about participating
* M, d+ o; L5 _9 b N& min the Lifelong Learning Plan (LLP).
% D3 z( S/ r7 u3 v- ?7 a* C7 mThe LLP allows you to withdraw amounts from your ( R% V; j {4 P
registered retirement savings plans (RRSPs) to finance
+ N& q6 D5 t6 _8 i5 K6 ~+ D9 Htraining or education for you or your spouse or
# L4 c5 j5 P I, L% M' dcommon-law partner. You do not have to include the
' P, ]4 y9 `3 S7 m2 Owithdrawn amounts in your income, and the RRSP issuer
* y/ o% D2 C$ S# {* nwill not withhold tax on these amounts. & `" w# F4 H9 C4 a
You have to repay these withdrawals to your RRSPs over a
% t& J0 \6 f: k& s6 s: y, L' a1 fperiod of no more than 10 years. Any amount that you do
; d d! B- h D9 {6 g0 `# [not repay when it is due will be included in your income + U/ j; t# _+ G! E% O% w0 k
for the year it was due. |
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