Is this guide for you? 3 F% `2 s) V/ H7 P7 f' w4 _) [
Use this guide if you want information about participating 9 g# w3 z2 `' O7 W# t8 v
in the Lifelong Learning Plan (LLP). ! h# D% Q$ f- V: e
The LLP allows you to withdraw amounts from your : \5 t1 R! X0 N: Cregistered retirement savings plans (RRSPs) to finance % I7 D0 Q7 f, g& z8 [ r( Xtraining or education for you or your spouse or ( ?5 |% Q3 E/ g4 w& b% w6 w
common-law partner. You do not have to include the $ ^2 ?$ V9 d/ |. P! ?+ ?
withdrawn amounts in your income, and the RRSP issuer 6 H2 {( h( {9 G+ t. _7 Z
will not withhold tax on these amounts. ' F5 u: O D1 `9 f
You have to repay these withdrawals to your RRSPs over a * b' j' J+ r# r! d7 U3 D( f* H$ Iperiod of no more than 10 years. Any amount that you do ( C" w1 R! M, @( t7 J
not repay when it is due will be included in your income 7 Z9 {9 e" c# G, ]
for the year it was due.