Is this guide for you? 0 G4 C: R8 h% M& X& n/ f1 gUse this guide if you want information about participating / e8 G/ R; Z1 S3 O7 min the Lifelong Learning Plan (LLP). 8 y( {' u O; k3 F" D
The LLP allows you to withdraw amounts from your . \$ M. I6 f5 m, a" q
registered retirement savings plans (RRSPs) to finance 1 a8 @/ E" F. P9 K) h) o1 X+ r) xtraining or education for you or your spouse or & f! j k! z3 `' G& Q4 v7 n" i
common-law partner. You do not have to include the # _+ b, u. u+ B. j/ m
withdrawn amounts in your income, and the RRSP issuer 8 x1 k/ i/ _. C; u. Y6 R4 e: Dwill not withhold tax on these amounts. 5 t# U: L7 r8 w% q; t DYou have to repay these withdrawals to your RRSPs over a " g* t" w# `+ d5 F/ v" ^- Nperiod of no more than 10 years. Any amount that you do & w" y5 y9 o* w0 T. I
not repay when it is due will be included in your income : {1 k: M1 C! x( r* s' f. y
for the year it was due.