Is this guide for you? % u' L* l+ [( G4 t/ n8 a; X6 b
Use this guide if you want information about participating + T4 t" V; H0 c* z3 ?. u+ A t3 ain the Lifelong Learning Plan (LLP). 3 f* L3 ^8 ^2 oThe LLP allows you to withdraw amounts from your 8 _% d5 P2 t$ ^6 W3 I. V6 v
registered retirement savings plans (RRSPs) to finance " Z5 F0 \3 X$ a% _training or education for you or your spouse or ' {( B% Q) F& f) d9 C2 S8 d% n6 wcommon-law partner. You do not have to include the * z; @* @2 i: m$ P: f
withdrawn amounts in your income, and the RRSP issuer / \8 a6 C/ ]0 z% _: gwill not withhold tax on these amounts. R# i3 G/ {, k3 C6 w: D) NYou have to repay these withdrawals to your RRSPs over a ! k! H$ }" V6 z2 K' O7 i
period of no more than 10 years. Any amount that you do ' S% c5 v- e' Z. n5 L. ]+ Tnot repay when it is due will be included in your income ( P/ I9 r' X/ B! k4 c$ ^5 M, R: `
for the year it was due.