Is this guide for you? $ h7 `+ f9 E/ M- A- VUse this guide if you want information about participating . Y9 G9 C/ ?; w( a: t) d
in the Lifelong Learning Plan (LLP). # D7 ?- s" S8 N; K
The LLP allows you to withdraw amounts from your 6 z! d' F& Q) q
registered retirement savings plans (RRSPs) to finance 7 z1 a" |; }( H$ f2 e, m
training or education for you or your spouse or ; r/ m1 a0 T' I4 |7 A0 v0 n
common-law partner. You do not have to include the 2 r) e2 y( F! @% B1 Lwithdrawn amounts in your income, and the RRSP issuer / M( }* B! y" n5 J/ X: kwill not withhold tax on these amounts. 9 U0 o* A( W% _3 a2 r+ y
You have to repay these withdrawals to your RRSPs over a + J+ Z$ ]( s. K+ |# x$ k; F% Jperiod of no more than 10 years. Any amount that you do 1 f" z- s% U, e& Pnot repay when it is due will be included in your income ( H# v: B& n7 J" [- F
for the year it was due.