Is this guide for you? . ^+ N i& c8 ^1 D. j
Use this guide if you want information about participating 5 W* R. I; u& {' R1 Ein the Lifelong Learning Plan (LLP). ; R9 b$ D& M9 J+ J' CThe LLP allows you to withdraw amounts from your 7 A- H8 g2 C9 E; Z8 x8 Z
registered retirement savings plans (RRSPs) to finance ! p9 b' H) [. j/ ]9 U: V
training or education for you or your spouse or $ @) ^: d0 h: g& @; q: w
common-law partner. You do not have to include the 5 T6 e- f! y; P9 s( [
withdrawn amounts in your income, and the RRSP issuer ( m% q- F3 Y1 z0 f3 _9 P awill not withhold tax on these amounts. 9 H9 M6 X' [6 R. e& ~8 r3 CYou have to repay these withdrawals to your RRSPs over a . I* a! _9 D( R3 h3 I9 i9 y2 x
period of no more than 10 years. Any amount that you do 0 Y0 y4 x5 B9 [% @0 ^5 R, f9 f
not repay when it is due will be included in your income ! f: g; E% n. ^6 b( t! Pfor the year it was due.