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Is this guide for you? % R/ T, ?* `: t) _/ z U/ p m1 _
Use this guide if you want information about participating
+ A, Q! B/ E( J5 q7 Pin the Lifelong Learning Plan (LLP). 4 q& r# W2 W" y; e0 K5 K
The LLP allows you to withdraw amounts from your
( r& U, M" B7 ]" G- @registered retirement savings plans (RRSPs) to finance
9 z7 |* K0 S3 T8 z$ ~. @$ [2 T; Btraining or education for you or your spouse or 1 W+ f( ^$ N% X# Q
common-law partner. You do not have to include the . U2 {& t2 f8 K5 \2 V, C$ d
withdrawn amounts in your income, and the RRSP issuer ( K/ P- ]$ q8 v( G |
will not withhold tax on these amounts. : a; a6 E- s1 V
You have to repay these withdrawals to your RRSPs over a ( t1 @: ~4 x: M, i. \' ]3 O7 |
period of no more than 10 years. Any amount that you do
" N2 f0 E: b6 u. Z" d2 I" Inot repay when it is due will be included in your income + E' D, |! m$ {+ k3 k: O
for the year it was due. |
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