Is this guide for you? 8 |: `5 L+ G7 Q& M+ {1 s6 L% q3 uUse this guide if you want information about participating 8 G: T) W4 K; N: \
in the Lifelong Learning Plan (LLP). 5 @4 O- i: |8 z$ r- } U: w& F* sThe LLP allows you to withdraw amounts from your # G' o. }4 i, ?! f( @& s; {2 I
registered retirement savings plans (RRSPs) to finance 3 ~& C9 z6 q4 c0 K6 S$ R+ [7 ?training or education for you or your spouse or : j9 q) K4 D* ccommon-law partner. You do not have to include the 3 g4 D: C$ d0 \6 Kwithdrawn amounts in your income, and the RRSP issuer ) |" j8 z5 I! gwill not withhold tax on these amounts. & A+ B& r' @4 H
You have to repay these withdrawals to your RRSPs over a 6 `& Q' E9 u; G
period of no more than 10 years. Any amount that you do 8 t$ l& B: z/ s4 P0 Z; E8 ^. L
not repay when it is due will be included in your income 7 _0 M1 C" B" W, H2 _
for the year it was due.