Is this guide for you? ! K5 t" ?0 a# m9 E7 u+ P1 ~$ a
Use this guide if you want information about participating * X5 c8 t& {3 H) f' F
in the Lifelong Learning Plan (LLP). , _4 E: o s+ h3 e' aThe LLP allows you to withdraw amounts from your ; ]4 i9 E2 O' u2 f3 `7 mregistered retirement savings plans (RRSPs) to finance . }" B+ o9 u+ s" M& _2 U
training or education for you or your spouse or 4 V) n, A% Y4 G
common-law partner. You do not have to include the ) q$ `: W+ Y% l0 \; N; ?% A
withdrawn amounts in your income, and the RRSP issuer 5 N# a* ^% I' N% i& ?1 _will not withhold tax on these amounts. ! b- w' S+ A RYou have to repay these withdrawals to your RRSPs over a 6 R2 Z( w5 D3 C K/ lperiod of no more than 10 years. Any amount that you do # J% c) t! U2 j4 v6 G) l+ Y1 j. a
not repay when it is due will be included in your income + i" k# p& ~* g5 K9 P @: Y% x
for the year it was due.