Is this guide for you? 5 [5 c$ l4 p: V/ c' @$ J
Use this guide if you want information about participating - k. A6 i; x; n4 H! H
in the Lifelong Learning Plan (LLP). ) ~' t. a5 {& E& p9 S2 j
The LLP allows you to withdraw amounts from your ' E& e& p: T! ]0 X5 i$ d
registered retirement savings plans (RRSPs) to finance 4 Q' l0 M0 e, C/ j0 T; u* ytraining or education for you or your spouse or : f6 o+ j9 `3 t- ocommon-law partner. You do not have to include the 0 h4 J/ T6 j; i; A) i8 s; Gwithdrawn amounts in your income, and the RRSP issuer / t9 _4 }# b9 g: Rwill not withhold tax on these amounts. & e6 M _& o+ ~6 m7 A' ]" U0 Q3 T
You have to repay these withdrawals to your RRSPs over a e- \! p" B: X( g
period of no more than 10 years. Any amount that you do ; s+ x3 W ?9 r8 Inot repay when it is due will be included in your income 8 ~0 M# T5 P1 {8 X
for the year it was due.