 鲜花( 0)  鸡蛋( 0)
|
Is this guide for you? ) X0 z$ U) H# s1 U
Use this guide if you want information about participating % A4 S* A" O' N/ g- m
in the Lifelong Learning Plan (LLP).
, D" y1 x, S2 j) MThe LLP allows you to withdraw amounts from your " a( ]( K0 {1 h* t' p
registered retirement savings plans (RRSPs) to finance 3 _3 D8 N: K0 H) D* q/ Z3 B
training or education for you or your spouse or # e2 w, w: z8 \, m0 ^
common-law partner. You do not have to include the
9 ]/ @& g# [, W! u: J) u \: Swithdrawn amounts in your income, and the RRSP issuer - n' c; i; J! E' Z8 N
will not withhold tax on these amounts. v' u8 {* q' q( A' r
You have to repay these withdrawals to your RRSPs over a 8 h: X* z2 x, z' @' B: H5 S3 |
period of no more than 10 years. Any amount that you do + e. r# d. ^7 z" M
not repay when it is due will be included in your income & g" J2 I( W4 v. I% C0 i! r
for the year it was due. |
|