Is this guide for you? ; @+ o; a0 L% K$ c# KUse this guide if you want information about participating / h1 @5 I7 }$ q- q- {8 z( A& M3 X) gin the Lifelong Learning Plan (LLP). & T5 T. ~' `1 c% p7 |+ SThe LLP allows you to withdraw amounts from your 6 t3 H8 i' [8 r. g- s
registered retirement savings plans (RRSPs) to finance ) ?5 t% t0 F8 V! xtraining or education for you or your spouse or $ J/ s5 L7 [! ^' H( Vcommon-law partner. You do not have to include the 3 z7 R4 D' R$ H" w* N
withdrawn amounts in your income, and the RRSP issuer % n/ z: |( o% Y6 ]& uwill not withhold tax on these amounts. ) V$ v7 E: m# M! rYou have to repay these withdrawals to your RRSPs over a ! D; B8 E4 c5 E. b. }period of no more than 10 years. Any amount that you do , y6 M7 a- D2 o$ v
not repay when it is due will be included in your income ' a+ D# @* h0 H! V) [1 L2 T1 s
for the year it was due.