Is this guide for you? . ]7 P& x7 c# l3 J* d( j/ I; y
Use this guide if you want information about participating $ U8 F& I3 K; @4 P. _( n8 \
in the Lifelong Learning Plan (LLP). : V$ _4 [( r% l% @The LLP allows you to withdraw amounts from your 8 ]% b* q0 O" \/ D0 e6 A p
registered retirement savings plans (RRSPs) to finance & s5 t# O% r$ Y n8 @' x# C
training or education for you or your spouse or ! S- O% n3 f% v8 p$ [# [0 @
common-law partner. You do not have to include the - b% s4 E* n0 J! G, p; qwithdrawn amounts in your income, and the RRSP issuer % h% z# Z% _% m6 I; r4 l
will not withhold tax on these amounts. 7 b- s& ^0 H E" {; P4 OYou have to repay these withdrawals to your RRSPs over a 7 }5 G0 I7 i# t& g9 p% U! D* u& N5 e
period of no more than 10 years. Any amount that you do 0 g# @- y6 |+ n O0 X* `& U9 @
not repay when it is due will be included in your income 0 f; z; _* Q7 z3 O& Z% g
for the year it was due.