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Is this guide for you?
! H+ O$ s% D3 N/ I# I! S! zUse this guide if you want information about participating
1 W* Y1 X* N% e" T$ G' J" c5 a Fin the Lifelong Learning Plan (LLP).
8 z% X9 C( M1 EThe LLP allows you to withdraw amounts from your 0 O! D1 z5 M2 ^; X
registered retirement savings plans (RRSPs) to finance & [- ?, ]% j) e! Q
training or education for you or your spouse or
, q& L8 d* ~4 B2 ecommon-law partner. You do not have to include the 4 d7 p! d2 V4 a& \6 [7 S; G
withdrawn amounts in your income, and the RRSP issuer / R( \+ B/ H) T1 f) W
will not withhold tax on these amounts. 1 M% k/ i7 K3 \! U, _
You have to repay these withdrawals to your RRSPs over a
) L) I, i4 G/ T- E. Cperiod of no more than 10 years. Any amount that you do
# H }7 \8 ]5 Z' F( M4 h" _not repay when it is due will be included in your income
5 E% ?6 G- G! C' _" X, kfor the year it was due. |
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