Is this guide for you? 0 @- p7 S/ e* g7 u! b9 \. }) P; r
Use this guide if you want information about participating 8 J& T2 M/ E8 m4 q% a. ?. v
in the Lifelong Learning Plan (LLP). & }' E2 O1 d3 ?The LLP allows you to withdraw amounts from your ( e( L5 }+ Z( D" L8 eregistered retirement savings plans (RRSPs) to finance - @& i2 \7 D% l3 K3 {! G8 D
training or education for you or your spouse or 8 y6 J" _$ ~2 L! A: d' ^
common-law partner. You do not have to include the 4 \, F& J. J9 [' S3 @+ p0 Q# X; Xwithdrawn amounts in your income, and the RRSP issuer ( t$ H/ D' c: ]& q$ I M
will not withhold tax on these amounts. 8 s" U S8 F8 R; q, k. OYou have to repay these withdrawals to your RRSPs over a b9 y; j5 G8 W+ B0 d
period of no more than 10 years. Any amount that you do % x+ [3 |" V0 q0 E3 u/ w
not repay when it is due will be included in your income . D$ ~# K s0 V7 n6 l8 t
for the year it was due.