Is this guide for you? - i# i" F' X7 G; V5 O9 O
Use this guide if you want information about participating 0 u8 [5 Z$ n3 K# L, j+ a$ H! K4 oin the Lifelong Learning Plan (LLP). 1 p l4 h8 C2 { c: ]' H1 h
The LLP allows you to withdraw amounts from your ; L: |* Y6 W$ M" Uregistered retirement savings plans (RRSPs) to finance 4 Q! O! {& ~9 f4 Z( A
training or education for you or your spouse or 4 n3 d( E% Z+ l' v, ^/ ^/ V
common-law partner. You do not have to include the " v* K. ?$ W( h! Q% D& M2 Bwithdrawn amounts in your income, and the RRSP issuer 9 R B$ j$ \# L) f f3 R; G4 t" n
will not withhold tax on these amounts. ( `3 c/ S$ l1 |$ V; w) ^! l
You have to repay these withdrawals to your RRSPs over a - U$ S0 v6 h7 B. ?* x/ Dperiod of no more than 10 years. Any amount that you do R& _$ b T5 t l, ~1 `
not repay when it is due will be included in your income . f- I( L( \ p; n+ [% W
for the year it was due.