Is this guide for you? , k5 j: `+ L9 V8 ~5 M
Use this guide if you want information about participating 2 q7 r( \ l( b
in the Lifelong Learning Plan (LLP). % R2 ^& |: U0 g
The LLP allows you to withdraw amounts from your % O8 ? s+ J. I4 v2 `. tregistered retirement savings plans (RRSPs) to finance / b) N# b+ G1 b( @0 xtraining or education for you or your spouse or 9 W* T9 A, s9 f2 jcommon-law partner. You do not have to include the & j# V0 V- N- Q6 X( o4 xwithdrawn amounts in your income, and the RRSP issuer ( P8 O; P" T- d
will not withhold tax on these amounts. 3 Q& T5 l+ H1 {8 g2 [6 Z0 ]You have to repay these withdrawals to your RRSPs over a ) U( P0 l- c7 D& }/ Fperiod of no more than 10 years. Any amount that you do ' y( n+ B Z+ n0 ?. |2 ^$ f" X4 [not repay when it is due will be included in your income ! [' \4 l# K4 k7 i( D8 g5 P4 O; N
for the year it was due.