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Is this guide for you?
2 d1 U0 k$ V) p% N8 w7 [$ }1 ~Use this guide if you want information about participating
! z. ]) B7 L0 D4 Xin the Lifelong Learning Plan (LLP).
- [( X; f% D& U1 Q5 rThe LLP allows you to withdraw amounts from your
; V7 }7 v9 U6 v* yregistered retirement savings plans (RRSPs) to finance
, m1 o4 ^ T s0 b2 {training or education for you or your spouse or & }! J: ?, y" C. B
common-law partner. You do not have to include the + i2 a$ O9 b- a2 D2 c2 ]0 n
withdrawn amounts in your income, and the RRSP issuer
8 B- f( ~$ t9 [4 ?will not withhold tax on these amounts. # g$ c2 O# m1 L& i! G
You have to repay these withdrawals to your RRSPs over a
7 W, V) q# w. w4 Tperiod of no more than 10 years. Any amount that you do 8 j/ ~8 i; \) k9 E, r% y4 c
not repay when it is due will be included in your income & D2 f1 A6 w2 J9 V. @" w' v# b9 v
for the year it was due. |
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