Is this guide for you? 1 t# u% i' C- e, F; f9 @
Use this guide if you want information about participating / M1 R2 S) w: m2 z
in the Lifelong Learning Plan (LLP). : S* b/ [6 Q3 F
The LLP allows you to withdraw amounts from your ( r% `. l) r$ J
registered retirement savings plans (RRSPs) to finance ; } X I1 |+ n" c
training or education for you or your spouse or - b9 ] v/ z( w: q
common-law partner. You do not have to include the [9 N/ v# a, ?; @ u
withdrawn amounts in your income, and the RRSP issuer z x6 B1 @2 D
will not withhold tax on these amounts. 2 A( u" C/ g% p3 W0 B
You have to repay these withdrawals to your RRSPs over a 4 C: V @. v/ J E6 k' g- Xperiod of no more than 10 years. Any amount that you do , f# ]# D* X) N4 enot repay when it is due will be included in your income 2 E0 M' K8 [3 qfor the year it was due.