Is this guide for you? + C) f# { ^# j% R
Use this guide if you want information about participating 3 U( F+ b8 M! G
in the Lifelong Learning Plan (LLP). 6 p& L4 |$ k+ M6 sThe LLP allows you to withdraw amounts from your 1 p% g% Q4 H' A- r$ M8 V) \
registered retirement savings plans (RRSPs) to finance . Q! Q5 }# b! a5 D
training or education for you or your spouse or ' b( `! I$ W/ d# L$ M/ G, ~& Y; mcommon-law partner. You do not have to include the 7 i% v U! ?' S( V: N* N- D1 Swithdrawn amounts in your income, and the RRSP issuer ; w' {9 Z" c+ w. p9 E0 gwill not withhold tax on these amounts. , p2 T. _! m, `1 t' J& FYou have to repay these withdrawals to your RRSPs over a 4 \9 R# @' S) z; i8 h' n' c- m# ?period of no more than 10 years. Any amount that you do ) A' r Y. g/ X
not repay when it is due will be included in your income - M% J" n8 m' N+ g* r: x4 Ffor the year it was due.