Is this guide for you? * F2 I3 x/ Q( [& j* H" aUse this guide if you want information about participating ) y3 S* m' v0 v' h
in the Lifelong Learning Plan (LLP). & j6 a# V, Z! e" ^" J6 N; H
The LLP allows you to withdraw amounts from your , v% A) T4 `! t0 ?registered retirement savings plans (RRSPs) to finance " n5 a5 m/ o* _/ k0 M" |7 Q( J
training or education for you or your spouse or 4 T- T) A* I2 _6 Kcommon-law partner. You do not have to include the ' t+ ?. T2 T6 x, s+ Owithdrawn amounts in your income, and the RRSP issuer : U' }: c; y* n: T3 k. }8 b
will not withhold tax on these amounts. / W A2 ]+ ^/ W) E0 IYou have to repay these withdrawals to your RRSPs over a ! e2 l/ ^9 t3 w" J6 M N
period of no more than 10 years. Any amount that you do 6 L' H1 F$ u' ]" K n
not repay when it is due will be included in your income 3 @" T* v* E9 [! n& v$ Lfor the year it was due.