Is this guide for you? , Q+ v& w4 c) @! fUse this guide if you want information about participating 6 j) [: l3 ^7 a- i2 Uin the Lifelong Learning Plan (LLP). 2 o1 O/ Y2 J. X: w8 l% OThe LLP allows you to withdraw amounts from your ( e r6 v% R" Vregistered retirement savings plans (RRSPs) to finance 3 G! Q- I+ J* d `; w& N8 d
training or education for you or your spouse or 0 b6 V3 ?5 z( |! \4 M( bcommon-law partner. You do not have to include the ; x( J1 R5 o: n; ?) P% R6 b
withdrawn amounts in your income, and the RRSP issuer 6 e/ @* F4 I% E
will not withhold tax on these amounts. " \2 f+ {" P5 D4 y J' h4 A ^You have to repay these withdrawals to your RRSPs over a 0 ?- W1 H! {6 S/ k- o, M! z! P
period of no more than 10 years. Any amount that you do 4 z z' S2 H! L% h7 U" c. l$ `/ Y
not repay when it is due will be included in your income 2 A+ J9 {5 j+ b& b+ G- J
for the year it was due.