Is this guide for you? $ @+ p$ p% x* ~. E) }, y2 uUse this guide if you want information about participating ( ^( a9 F5 q% h! G0 a
in the Lifelong Learning Plan (LLP). 1 ` M! [5 \6 |3 w1 k6 ]
The LLP allows you to withdraw amounts from your / Z. i) D$ t! j
registered retirement savings plans (RRSPs) to finance L G: ^9 f* m! r! _' L: L
training or education for you or your spouse or : |2 K0 Q- W( K( g' x( i
common-law partner. You do not have to include the 2 G6 j& ^( K/ z$ P4 o
withdrawn amounts in your income, and the RRSP issuer $ u( Q1 s% I& Y; {9 c8 S7 ~
will not withhold tax on these amounts. . {3 r9 z+ @ k. H3 t, I& S8 V6 _You have to repay these withdrawals to your RRSPs over a % U5 o) L# Y$ ~8 L0 w& k+ N9 f3 H
period of no more than 10 years. Any amount that you do , e8 n7 K( ]+ U. _/ o% I
not repay when it is due will be included in your income ; W( A# z; ]* i% v7 ^) f# e* M: K9 N
for the year it was due.