Is this guide for you? , F& H5 o- D( P5 M3 tUse this guide if you want information about participating / m2 l4 y1 T/ q1 Lin the Lifelong Learning Plan (LLP). , ^. m+ S3 Y5 h# _4 Q* sThe LLP allows you to withdraw amounts from your 4 I! S' g: R. S; b# v+ g) ^
registered retirement savings plans (RRSPs) to finance ) Y) g9 u5 @7 q4 O5 O! R" f' Ttraining or education for you or your spouse or - s; x _/ r1 O# }& t" S/ Z/ [
common-law partner. You do not have to include the H: S: D9 r! v. V$ Z- R
withdrawn amounts in your income, and the RRSP issuer 6 R x% x$ B2 F% x
will not withhold tax on these amounts. 0 I$ _3 T* P7 yYou have to repay these withdrawals to your RRSPs over a 6 N+ R% b8 r1 \period of no more than 10 years. Any amount that you do " V- h5 b7 ?. T
not repay when it is due will be included in your income 6 R4 K- g+ S$ C6 S% nfor the year it was due.