Is this guide for you? 4 Y" N9 b" p1 Y+ Z2 X4 D
Use this guide if you want information about participating : l0 Z0 L# J* I; \
in the Lifelong Learning Plan (LLP). ; ?6 g H& M3 j4 `7 ^. i+ Y
The LLP allows you to withdraw amounts from your . C7 M; s2 N5 ^" V3 |9 W9 ~registered retirement savings plans (RRSPs) to finance 0 `2 A7 t3 [/ S8 { y3 htraining or education for you or your spouse or 3 v. C3 N6 ~! Ecommon-law partner. You do not have to include the ) q! D/ z( J! v: F# h" Owithdrawn amounts in your income, and the RRSP issuer - E2 l: S# z/ c5 T
will not withhold tax on these amounts. 1 w' R+ M1 }1 Y
You have to repay these withdrawals to your RRSPs over a 9 e( w7 j' v) O e- t$ F
period of no more than 10 years. Any amount that you do 4 R" D2 W6 ~* n8 _+ a2 ]not repay when it is due will be included in your income 6 {# N5 D' U! Tfor the year it was due.