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Is this guide for you? 0 U; V" J9 ?. \
Use this guide if you want information about participating
! @1 L9 {2 X$ Qin the Lifelong Learning Plan (LLP). 2 M, [, Z3 y+ s: L6 [& o+ o
The LLP allows you to withdraw amounts from your
! a/ Q# C3 ]% Nregistered retirement savings plans (RRSPs) to finance y5 U' r' z$ Q% h- b2 o4 E
training or education for you or your spouse or 5 u$ Q. A- V* b1 ]
common-law partner. You do not have to include the
% }2 `/ `$ z3 E& w4 cwithdrawn amounts in your income, and the RRSP issuer
1 b/ J3 X8 j# w0 x$ a, ^5 Uwill not withhold tax on these amounts.
, n* Z3 s4 U0 A! R" k+ T* a+ XYou have to repay these withdrawals to your RRSPs over a - f9 @0 D& R) E
period of no more than 10 years. Any amount that you do
4 z8 w% U3 t6 k" jnot repay when it is due will be included in your income
4 Q: k; b y1 S3 z% jfor the year it was due. |
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