Is this guide for you? 6 `3 S) b3 T% {! wUse this guide if you want information about participating ! Z% v! ?1 ?5 O- |- n. P9 ~) h
in the Lifelong Learning Plan (LLP). 8 C6 F- H$ O8 S. Z. y d8 y7 X. \
The LLP allows you to withdraw amounts from your 5 Q, k) s) g% ]: v3 r* N2 q" Iregistered retirement savings plans (RRSPs) to finance ; ]4 ]& g1 ]. S8 [
training or education for you or your spouse or ( T7 @5 C. v- M+ [( {: h3 r) Hcommon-law partner. You do not have to include the % _6 [4 Z" Q# m
withdrawn amounts in your income, and the RRSP issuer / y9 o0 B3 P/ ]will not withhold tax on these amounts. ( t! [5 x; R z' U* H1 z1 L _( rYou have to repay these withdrawals to your RRSPs over a 7 |& ]2 Q* z: ^6 X0 S/ I
period of no more than 10 years. Any amount that you do - Q' E6 {/ z& k' {$ R
not repay when it is due will be included in your income 7 ?: ~! X( }/ z4 M4 a+ sfor the year it was due.