Is this guide for you? - s2 [" v" G1 `! q; P0 H/ s
Use this guide if you want information about participating - W( g; t# F4 |6 Q1 k3 J
in the Lifelong Learning Plan (LLP). ) }( D8 } L/ x V$ j( J: X
The LLP allows you to withdraw amounts from your " Y/ f, S) M4 d. w8 Sregistered retirement savings plans (RRSPs) to finance 4 a3 n5 b1 {" rtraining or education for you or your spouse or 5 \& G9 o) M6 H& m2 P7 Jcommon-law partner. You do not have to include the ; j" \0 q" k: A* d/ @6 ]
withdrawn amounts in your income, and the RRSP issuer $ T5 P' e0 T2 l) G% b6 h/ `$ R+ Q+ @& awill not withhold tax on these amounts. 0 v; P+ O* i6 l9 @+ k Y; w6 E, eYou have to repay these withdrawals to your RRSPs over a & |( d; V; V5 T( J
period of no more than 10 years. Any amount that you do / x$ K) j, v! ? o0 q% }
not repay when it is due will be included in your income ) M/ S! y" O: Y. a: s6 x. ]for the year it was due.