Is this guide for you? ' n( q" k9 R4 ^5 Z
Use this guide if you want information about participating ! J/ b# h8 Y$ `9 \; D n# M
in the Lifelong Learning Plan (LLP). 6 U4 h! m+ B5 {* d+ W
The LLP allows you to withdraw amounts from your - G4 _9 L1 s2 w& `& @
registered retirement savings plans (RRSPs) to finance 8 N7 P7 h+ o& @5 Y( Itraining or education for you or your spouse or * N- ^% H- q9 b2 ?6 l
common-law partner. You do not have to include the ' n7 N, k, h7 g) l" k
withdrawn amounts in your income, and the RRSP issuer 1 d3 {/ x! w" j- y [
will not withhold tax on these amounts. * f( c! E/ h: H8 I( ?* R/ }You have to repay these withdrawals to your RRSPs over a # H8 D4 G6 r; ~- y* a
period of no more than 10 years. Any amount that you do ' [# s6 Y: r4 C1 g
not repay when it is due will be included in your income 2 g# g5 w5 n/ q# I8 L( v) bfor the year it was due.