Is this guide for you? . G7 q9 d- W C/ e
Use this guide if you want information about participating % _ M1 k. P; k) W! U
in the Lifelong Learning Plan (LLP). : \4 {& u2 ^" w( h, S0 DThe LLP allows you to withdraw amounts from your * A7 G8 N3 L$ D9 R8 }registered retirement savings plans (RRSPs) to finance ( c0 L" F2 H2 W H
training or education for you or your spouse or + P6 ?. I; M4 b# q/ m: s
common-law partner. You do not have to include the * w& m7 b( w/ v$ S d( z
withdrawn amounts in your income, and the RRSP issuer ~2 y, l8 N3 y3 D
will not withhold tax on these amounts. 0 v! E& Q1 g+ g2 q
You have to repay these withdrawals to your RRSPs over a 5 ^# T- q: ^! O, C
period of no more than 10 years. Any amount that you do . n4 V' R* E9 v0 D* ^0 r: Tnot repay when it is due will be included in your income 5 q% t" P) w3 O. K! Z6 Ofor the year it was due.