Is this guide for you? 3 J3 x# J8 j5 G% W1 [/ k
Use this guide if you want information about participating 1 X" n* \4 j. r7 ]1 G6 U K
in the Lifelong Learning Plan (LLP). 2 D* q9 h s1 r* @9 G
The LLP allows you to withdraw amounts from your ! h" {, W; q$ \7 ]registered retirement savings plans (RRSPs) to finance % l% g" `( N1 u( c; l7 \' y
training or education for you or your spouse or ( Z2 {! Q: F5 w5 A, Y- P! O
common-law partner. You do not have to include the }* d s" p( c. b- [6 f' K* G
withdrawn amounts in your income, and the RRSP issuer # O4 L% x" S% H, [" Y$ Owill not withhold tax on these amounts. 6 t+ o; _0 R/ [% RYou have to repay these withdrawals to your RRSPs over a ! i. G$ Z" q. q% q+ G; tperiod of no more than 10 years. Any amount that you do q- L: N% s5 g2 ynot repay when it is due will be included in your income # X+ k7 I3 F2 X ]* ^5 Ufor the year it was due.