Is this guide for you? 8 [$ Q& F/ t; Z! _$ ~8 V3 G
Use this guide if you want information about participating 3 N, [1 o$ N9 V: Q
in the Lifelong Learning Plan (LLP). & t9 ]/ Z+ ?/ K9 U( S) ` \
The LLP allows you to withdraw amounts from your " F9 S4 d! p2 E8 E8 n
registered retirement savings plans (RRSPs) to finance ' m8 l' B. y( Ntraining or education for you or your spouse or 5 e3 \$ q, L3 Z: x/ E) C& [common-law partner. You do not have to include the & z' B$ ?# H$ j
withdrawn amounts in your income, and the RRSP issuer 1 w0 e! j( a5 @" q' ?- Z
will not withhold tax on these amounts. ) _: B$ y. r C6 ~' c9 F# b4 l3 J6 HYou have to repay these withdrawals to your RRSPs over a & M+ P$ H5 @7 \9 v2 i. @* F
period of no more than 10 years. Any amount that you do D! d, j6 l/ E+ K% E6 Rnot repay when it is due will be included in your income ( K' p+ ^+ y: H( D6 `$ U
for the year it was due.