Is this guide for you? - \8 \) y; H2 c$ O1 G9 v( VUse this guide if you want information about participating * a9 q) H# Y: j6 d L- yin the Lifelong Learning Plan (LLP). 7 D' |* U/ I; }$ Y! @* r) Z% R
The LLP allows you to withdraw amounts from your % Q" K N2 z* g4 v% x& q
registered retirement savings plans (RRSPs) to finance " r' X& Y3 A8 K% t- _; L8 c4 V
training or education for you or your spouse or & I j% @( S' k/ t0 A+ ~5 }/ Z
common-law partner. You do not have to include the ( I$ e' I3 q) _! p7 I5 |. X0 V
withdrawn amounts in your income, and the RRSP issuer 5 z6 n S8 H' Q) k7 A
will not withhold tax on these amounts. " Y) \5 m$ D5 e1 m+ K1 n9 l& a
You have to repay these withdrawals to your RRSPs over a % h- q3 } N% [" X7 d( s1 l
period of no more than 10 years. Any amount that you do ! @6 I( H" S Q# `- Y5 qnot repay when it is due will be included in your income ( h* e+ [* @5 | u6 Wfor the year it was due.