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/ d4 A. H1 \) H3 P, w# O: bUse this guide if you want information about participating # h2 {$ z* @' @( `% ?0 e0 A! k( O) ~
in the Lifelong Learning Plan (LLP). ) h K0 q% g% B# P- A$ J
The LLP allows you to withdraw amounts from your
0 S- C) h' j& J5 _$ @4 z; xregistered retirement savings plans (RRSPs) to finance
4 z7 J$ v$ [" @. ?' Itraining or education for you or your spouse or
9 V$ M9 P2 @* a; t0 l) n0 X% F+ Icommon-law partner. You do not have to include the
9 @/ P: n1 x9 l0 g. |; ]withdrawn amounts in your income, and the RRSP issuer
( o/ C3 P* Z$ r$ q. Twill not withhold tax on these amounts.
L3 b$ M" @( xYou have to repay these withdrawals to your RRSPs over a
8 W: q$ W9 v- L5 Z1 J, ~( D5 [% aperiod of no more than 10 years. Any amount that you do
! @( ~/ M7 W9 _# u! G( u% |8 Pnot repay when it is due will be included in your income
# B3 _3 |! U) l, h4 i, ?5 `for the year it was due. |
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