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Is this guide for you? 4 a: D8 g$ P( a- V N- E
Use this guide if you want information about participating
- l) I2 u5 V c/ O% hin the Lifelong Learning Plan (LLP).
8 w- @; x! ~. w# j" \/ |( iThe LLP allows you to withdraw amounts from your 3 T0 Z+ a1 F3 t4 I9 h% }' i
registered retirement savings plans (RRSPs) to finance - A+ M! j, O: P% P
training or education for you or your spouse or . O) J6 r4 S7 j
common-law partner. You do not have to include the
" E6 @: F& f6 D: X8 _6 H. Vwithdrawn amounts in your income, and the RRSP issuer
6 {' V% [- U! J; {will not withhold tax on these amounts. : A, M. W% o- R
You have to repay these withdrawals to your RRSPs over a
- L" _; C* p# V( nperiod of no more than 10 years. Any amount that you do 3 H. T3 P, ~, Y3 F
not repay when it is due will be included in your income ( U- l3 y* M! E: w& v$ j, t
for the year it was due. |
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