Is this guide for you? ! U2 A2 l% R# F: j9 G
Use this guide if you want information about participating / c* r' {' e' g- l0 @! y
in the Lifelong Learning Plan (LLP). 8 Y7 R, }6 O, f2 Y" eThe LLP allows you to withdraw amounts from your $ t! X" K: |8 Y& [) T
registered retirement savings plans (RRSPs) to finance 8 g' T' p" i" E7 I: `: T$ `training or education for you or your spouse or + M" z; F; q: g% }0 V
common-law partner. You do not have to include the 7 C8 r4 g6 G* b) @$ X; F+ t
withdrawn amounts in your income, and the RRSP issuer . z7 q5 g( E/ l% }3 Hwill not withhold tax on these amounts. 8 R$ V/ v7 q* S' `You have to repay these withdrawals to your RRSPs over a / z9 i; @4 v; W L. }period of no more than 10 years. Any amount that you do + H" K' w# s+ C4 m' \8 A8 A5 L1 D
not repay when it is due will be included in your income . O6 u# Y5 Z6 k& a* n) ]
for the year it was due.