Is this guide for you? 4 `+ a. r5 g( G
Use this guide if you want information about participating 9 y; ~1 \) M0 R8 v
in the Lifelong Learning Plan (LLP). 3 Z% O# O( x4 y. Y, J) B0 [, p0 }The LLP allows you to withdraw amounts from your 4 w; V5 w6 d) P. q2 I0 L# h
registered retirement savings plans (RRSPs) to finance 8 Y- a% a) p# {3 ?2 Y( |% x" R) ptraining or education for you or your spouse or " H; S( C! b/ v% K0 l1 z' V& I4 [common-law partner. You do not have to include the - O6 C5 E% B' T* a$ w* w
withdrawn amounts in your income, and the RRSP issuer D1 K2 A6 S: }3 O
will not withhold tax on these amounts. T; J- N8 x+ K
You have to repay these withdrawals to your RRSPs over a 3 E8 |0 i! S4 G. J4 v' y$ u# m0 ~! ^5 q
period of no more than 10 years. Any amount that you do 9 R+ y+ R6 F7 m6 M3 y2 k
not repay when it is due will be included in your income 3 H* a, T& A6 f* ^' ]3 Gfor the year it was due.