Is this guide for you? " N3 c3 W# I, H& s/ E9 x: rUse this guide if you want information about participating ! C* \ Z7 ^5 Q. ein the Lifelong Learning Plan (LLP). 2 n: d9 ?. M' M8 i7 p: iThe LLP allows you to withdraw amounts from your ; C/ B: B/ L/ k& nregistered retirement savings plans (RRSPs) to finance 3 F' N% n, @2 C; {0 M$ d
training or education for you or your spouse or 5 o4 C/ H# ^1 z3 H( S$ s( ^common-law partner. You do not have to include the , m- J. ~' n% \4 R8 h
withdrawn amounts in your income, and the RRSP issuer % m0 o- A7 D; p0 C5 J) p/ F' o" }+ n
will not withhold tax on these amounts. W: C' x0 u. M2 P; j
You have to repay these withdrawals to your RRSPs over a * G( Z) K6 q) T8 q5 d0 D
period of no more than 10 years. Any amount that you do 6 D( ^8 S) D3 o: s) I. snot repay when it is due will be included in your income $ S# L" P% ]% S) @$ |% W3 m9 ~
for the year it was due.