Is this guide for you? , |- x8 s8 W- |
Use this guide if you want information about participating . D* n4 P1 K5 v* N3 u6 x9 S: Nin the Lifelong Learning Plan (LLP). 0 }9 I. }5 g4 k! w' }8 b( F* rThe LLP allows you to withdraw amounts from your 1 @+ g% T: @5 P' L, xregistered retirement savings plans (RRSPs) to finance . b0 P0 A' h3 s% ^training or education for you or your spouse or $ U6 k1 K) S* ~0 d1 ?- U
common-law partner. You do not have to include the / S! P4 ~& y- [2 f8 lwithdrawn amounts in your income, and the RRSP issuer " s" X7 N* z `/ k8 v) X& C2 Y( `* ?will not withhold tax on these amounts. 7 x' M! E% P2 }4 m) e4 y3 j# oYou have to repay these withdrawals to your RRSPs over a 2 A% D: L5 Q$ s8 s; E8 `+ K/ Pperiod of no more than 10 years. Any amount that you do ) W9 I. o% y% Enot repay when it is due will be included in your income 2 b$ E. ?/ X5 n3 A; l! B& s/ t$ Q
for the year it was due.