Is this guide for you? / E2 t6 o. T. KUse this guide if you want information about participating / Z. e- {; X! Q R7 i$ }in the Lifelong Learning Plan (LLP). . x0 r6 c: \$ _- C4 Y& g' _The LLP allows you to withdraw amounts from your ; \4 H) Y7 m3 K# Y, U( D/ r
registered retirement savings plans (RRSPs) to finance 3 h7 G6 t$ ]# z5 @+ i U/ D6 M
training or education for you or your spouse or : r0 O( [* |/ a( I5 v# @+ }common-law partner. You do not have to include the % @6 Z3 G+ N' o
withdrawn amounts in your income, and the RRSP issuer & y+ K. ^. Q5 [will not withhold tax on these amounts. + [6 l1 p( {% |8 U1 @& eYou have to repay these withdrawals to your RRSPs over a ! ]. j- l, X* l) ?: S( L9 Vperiod of no more than 10 years. Any amount that you do 3 [0 s/ G; z1 c! K, F( b
not repay when it is due will be included in your income 6 z1 N8 S3 [/ Z3 O+ d2 A- n' i. X
for the year it was due.