Is this guide for you? # `' F0 w# z; [& o: ?7 F, U5 ]
Use this guide if you want information about participating 3 r4 Y' k5 a* `1 K+ H4 w
in the Lifelong Learning Plan (LLP). 4 e' q0 }. Y7 \) U: o0 R
The LLP allows you to withdraw amounts from your & G+ z g8 Q* Y
registered retirement savings plans (RRSPs) to finance ( j+ E0 y7 L/ G% h- c
training or education for you or your spouse or 3 P0 @& d2 z$ ?; s+ A) J* O7 j3 l
common-law partner. You do not have to include the , O: ]. a2 [$ O# ?% P. A0 ?
withdrawn amounts in your income, and the RRSP issuer y0 `. J8 f- V2 k
will not withhold tax on these amounts. 2 D7 H: d* Q6 Q E
You have to repay these withdrawals to your RRSPs over a 5 L/ `) r4 J! Y) g% b
period of no more than 10 years. Any amount that you do # Y: a+ Y: h! Snot repay when it is due will be included in your income ( O1 \8 H/ D: e( v1 jfor the year it was due.