Is this guide for you? b+ F9 n$ r- g% B; ]) m( A
Use this guide if you want information about participating $ b' I8 A/ S$ K4 hin the Lifelong Learning Plan (LLP). 6 I0 B% Z3 @ E$ ? t- oThe LLP allows you to withdraw amounts from your - `' x( W9 H) w8 ?: m) w) u
registered retirement savings plans (RRSPs) to finance * H1 r& T9 Z& f8 p3 P4 w7 etraining or education for you or your spouse or ( C$ r2 [% _; w8 H: N8 n; n* ]) xcommon-law partner. You do not have to include the + d" s8 ~( p- g4 ^8 i) v; B, a1 S( Swithdrawn amounts in your income, and the RRSP issuer 6 e( ~2 O9 a2 O6 i
will not withhold tax on these amounts. 8 m" b/ I8 S/ C; L& `You have to repay these withdrawals to your RRSPs over a ) {, v8 w) b3 i/ f+ u8 _7 o2 bperiod of no more than 10 years. Any amount that you do 6 A1 g% C( {3 f( ]. Onot repay when it is due will be included in your income % O6 f" s( p; y2 m
for the year it was due.