Is this guide for you? : K& t* P+ b/ ~ uUse this guide if you want information about participating Q2 q$ X! w' o' @8 h8 a
in the Lifelong Learning Plan (LLP). ! v0 n& z! l( O& G% v1 R! mThe LLP allows you to withdraw amounts from your 8 i( W8 ]( C, i+ bregistered retirement savings plans (RRSPs) to finance & B6 Y2 p+ ]0 i% r C' H
training or education for you or your spouse or : o' z* W+ q% @0 f2 R
common-law partner. You do not have to include the & c5 x V1 k5 H8 h* q6 n4 p
withdrawn amounts in your income, and the RRSP issuer 7 U; J# | ^" z1 w% \+ x+ rwill not withhold tax on these amounts. 0 \8 B/ g& q9 v" @You have to repay these withdrawals to your RRSPs over a ' }. A. V4 @: W/ h2 n( N; S/ Iperiod of no more than 10 years. Any amount that you do ' i$ h F, H9 Hnot repay when it is due will be included in your income . k8 i: i0 j* z
for the year it was due.