Is this guide for you? 1 u, n$ b/ N* Q& P
Use this guide if you want information about participating ; B; a& k+ ~" G+ Oin the Lifelong Learning Plan (LLP). 8 i F( q3 v) f5 f) R, _
The LLP allows you to withdraw amounts from your / ]6 `* O, F8 U7 h& a4 o1 r
registered retirement savings plans (RRSPs) to finance & r: G O+ ?' [5 e
training or education for you or your spouse or . O9 y8 ^+ d. u
common-law partner. You do not have to include the 8 e! i- y0 w0 v+ r
withdrawn amounts in your income, and the RRSP issuer " u4 R) j+ ]# |will not withhold tax on these amounts. / I: a0 U2 m. k; q
You have to repay these withdrawals to your RRSPs over a % B9 ^ ?( c& m( w2 K" operiod of no more than 10 years. Any amount that you do : I; X4 C1 X5 u' Pnot repay when it is due will be included in your income 4 e# i9 b; ~% Z$ R5 l6 R* {for the year it was due.