Is this guide for you? ) a4 ]8 F% H* Y# i$ q4 `$ m$ Y
Use this guide if you want information about participating - C% u0 q& _9 k5 q: ~in the Lifelong Learning Plan (LLP). ( [8 O. e4 |1 b) z9 a, ]8 I4 `The LLP allows you to withdraw amounts from your , ^+ _& S+ W5 a% ]' z- pregistered retirement savings plans (RRSPs) to finance - Y4 y# y3 U0 a ]# Z* T$ s1 @
training or education for you or your spouse or # F7 @. w1 U( D9 W% d# J
common-law partner. You do not have to include the 0 f5 K. B% P% S* cwithdrawn amounts in your income, and the RRSP issuer . q* Z q! F0 Y4 twill not withhold tax on these amounts. 2 }- p* K0 I9 t7 ~" r6 U0 j
You have to repay these withdrawals to your RRSPs over a - z1 o# j5 r7 b3 ^8 C1 U/ fperiod of no more than 10 years. Any amount that you do , g# X0 `$ f; g! Q) \6 g* t
not repay when it is due will be included in your income # N* q( l/ N- O: Bfor the year it was due.