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Is this guide for you?
' p' i! L. ^9 O% l( D3 qUse this guide if you want information about participating
7 I0 P9 d% {' Ein the Lifelong Learning Plan (LLP).
/ M% F% Y) ]/ Q# PThe LLP allows you to withdraw amounts from your
* o2 i# j' w* s4 V* ^# l$ Pregistered retirement savings plans (RRSPs) to finance % ?2 V' k1 O, O
training or education for you or your spouse or 4 y5 } O6 ?, h: X! v7 |+ p. D
common-law partner. You do not have to include the
! ^. E4 R$ o+ I: r, K% v$ \5 @withdrawn amounts in your income, and the RRSP issuer 2 D6 k+ B$ T6 U" \! k9 y8 h
will not withhold tax on these amounts. 3 W& d. m" T; w, `; A, a
You have to repay these withdrawals to your RRSPs over a / ~6 n6 w3 i |
period of no more than 10 years. Any amount that you do
3 L- m8 E* Y; S6 a6 u# H7 ynot repay when it is due will be included in your income # k4 B6 ^- D2 ^/ I$ s' K* G
for the year it was due. |
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