Is this guide for you? - \+ D4 x% K: ?6 ^
Use this guide if you want information about participating 0 |8 ]0 N- r6 D3 x7 Q4 v
in the Lifelong Learning Plan (LLP). A. U, K9 Z0 H) w9 M
The LLP allows you to withdraw amounts from your - t1 h0 S0 n# r2 ^4 X5 Z* p
registered retirement savings plans (RRSPs) to finance 0 `- m6 D# ?3 @$ Ltraining or education for you or your spouse or / B$ ?; f) e, U/ ^3 P5 c" c Ecommon-law partner. You do not have to include the + [! w8 S+ Y e1 ~0 b* v8 ~8 ?5 Dwithdrawn amounts in your income, and the RRSP issuer 4 J/ y4 o& \- K# K6 I; n1 U
will not withhold tax on these amounts. $ ] f& C& p6 BYou have to repay these withdrawals to your RRSPs over a 7 I& \! Q$ `+ Nperiod of no more than 10 years. Any amount that you do # H- Z! _4 B a
not repay when it is due will be included in your income . G7 k& U E! T0 {0 g; [for the year it was due.