Is this guide for you? ! H: L) t. H8 ~
Use this guide if you want information about participating 7 E0 X. E4 V# W+ F# z
in the Lifelong Learning Plan (LLP). 4 q1 x* c9 ]- y2 hThe LLP allows you to withdraw amounts from your / Q+ L' D; l* F
registered retirement savings plans (RRSPs) to finance 7 A3 y. m" E. X c
training or education for you or your spouse or # F% Z# E. s# v5 k
common-law partner. You do not have to include the % h+ ?' I1 Y% q7 ?. dwithdrawn amounts in your income, and the RRSP issuer , Q5 o# B, [. O: a- X0 m( `will not withhold tax on these amounts. " B5 n L4 `, Q+ RYou have to repay these withdrawals to your RRSPs over a * B6 W8 v- p& R1 ~" `4 ~
period of no more than 10 years. Any amount that you do * A" Y/ c ~; @/ ]2 Fnot repay when it is due will be included in your income : B* E* s' J6 ^6 E5 b R$ T
for the year it was due.