Is this guide for you? 6 G. h2 d# P7 N% W- o# sUse this guide if you want information about participating - e7 x4 {, e% {% n4 I
in the Lifelong Learning Plan (LLP). * t3 k2 R; \8 h, {' ]
The LLP allows you to withdraw amounts from your 1 {# v; u" E* p9 p# V2 f; L! e3 kregistered retirement savings plans (RRSPs) to finance : o0 n9 @: i3 E( G
training or education for you or your spouse or 1 @ a$ z. C3 A% \; F( W. }1 {0 r
common-law partner. You do not have to include the 9 C4 e. T+ H- @/ f. h5 P
withdrawn amounts in your income, and the RRSP issuer ( w: C! A3 y- h Q! t
will not withhold tax on these amounts. ( f y6 |% O; G/ h: DYou have to repay these withdrawals to your RRSPs over a 4 l2 _; K! _7 t y/ p# a& Dperiod of no more than 10 years. Any amount that you do e( K' y5 q8 }1 D3 Z: n
not repay when it is due will be included in your income . G f" f& O- J" M1 |7 R: J$ afor the year it was due.