Is this guide for you? 1 o' n _, d: _6 \+ o
Use this guide if you want information about participating / A# {5 I: U& | M
in the Lifelong Learning Plan (LLP). 1 b3 h- G; `6 S1 J& Z2 A
The LLP allows you to withdraw amounts from your * t/ R0 l1 [" q. O X. K
registered retirement savings plans (RRSPs) to finance 7 c! M1 t/ n0 L0 L1 h
training or education for you or your spouse or 7 [" ?# v4 ?6 m: V: H. q0 u" pcommon-law partner. You do not have to include the ' b) D- E. J4 p; K0 _4 E1 M
withdrawn amounts in your income, and the RRSP issuer , e- q- j/ W0 |6 I: C: V3 T9 ?
will not withhold tax on these amounts. 4 F# Z6 D5 c8 K$ X* @5 |0 a+ I; KYou have to repay these withdrawals to your RRSPs over a 6 {3 b D' v1 y8 t1 u* f7 `
period of no more than 10 years. Any amount that you do ( i% b" B$ \9 @# Y8 I( o. ~
not repay when it is due will be included in your income ) a$ h$ _& S" V }; B# O( }for the year it was due.