Is this guide for you? , A" p( j- s: u; C' VUse this guide if you want information about participating ; v ^& R+ @) K1 g! t1 Jin the Lifelong Learning Plan (LLP). + W$ L2 P& ~' \) z3 O7 `The LLP allows you to withdraw amounts from your / ^, T7 }2 p9 g% G
registered retirement savings plans (RRSPs) to finance 0 u: y* e k% p2 P4 c
training or education for you or your spouse or . {/ B3 E8 E7 ]5 ~7 {' Z
common-law partner. You do not have to include the 5 Q0 k+ s) g' m) | Ewithdrawn amounts in your income, and the RRSP issuer 8 V9 j0 a* L9 H3 Zwill not withhold tax on these amounts. + ?% ]) q; o0 M6 r
You have to repay these withdrawals to your RRSPs over a v0 [% O5 X S T' Z1 v5 p6 m# R. F
period of no more than 10 years. Any amount that you do ( z3 }) ]$ u% F- L
not repay when it is due will be included in your income * N3 @- K$ R9 k8 x$ D) E+ C; qfor the year it was due.