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Is this guide for you?
- `, E& b: K3 a2 G6 l# ^: [9 |: y" r3 jUse this guide if you want information about participating
7 [- X1 O5 g& ~in the Lifelong Learning Plan (LLP).
* p1 U. Q" _3 w, S1 }The LLP allows you to withdraw amounts from your : T/ F; d+ [2 ~) G
registered retirement savings plans (RRSPs) to finance
# U9 [4 P" E& J3 W' rtraining or education for you or your spouse or
; Z7 f" P+ `* Z4 @0 O/ c7 ecommon-law partner. You do not have to include the , c! n" N" r! l# S% m( ?
withdrawn amounts in your income, and the RRSP issuer
' j% t w0 Q) A! g# h# ~will not withhold tax on these amounts.
0 j0 j/ I. f- c( Y* f! _You have to repay these withdrawals to your RRSPs over a 9 ]3 d% L$ G2 r2 U3 i
period of no more than 10 years. Any amount that you do
7 o2 n' P0 O9 [/ o- Snot repay when it is due will be included in your income
, }1 ?0 e- [- b% ]+ u" ffor the year it was due. |
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