Is this guide for you? 3 k" ]8 W# S# [5 E
Use this guide if you want information about participating / E- P. v, D8 k8 Oin the Lifelong Learning Plan (LLP). 2 H& X" C6 k. r; F" ]9 D/ X
The LLP allows you to withdraw amounts from your - b4 r l- q; J* r7 r; bregistered retirement savings plans (RRSPs) to finance % e) b) i+ K+ \. q- J5 o6 [4 _5 ~# ]
training or education for you or your spouse or 5 @( [: u& }7 O( }% B) j" k+ ]
common-law partner. You do not have to include the * Y( Q9 D6 ^+ S/ S% p- F! F- N
withdrawn amounts in your income, and the RRSP issuer 6 ?: ?+ x2 a* b2 l3 M* f& w
will not withhold tax on these amounts. - ^+ i, E# I+ e1 X! q$ k* Z+ ZYou have to repay these withdrawals to your RRSPs over a 0 a* r$ R2 A& U/ H" y4 `; U: e+ `period of no more than 10 years. Any amount that you do 5 W7 i( G8 ^# f
not repay when it is due will be included in your income 9 C) {, x# w' [$ e0 g# zfor the year it was due.