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Is this guide for you?
9 H9 Y- o, u6 e/ ]Use this guide if you want information about participating
" G, M+ B+ A* S% pin the Lifelong Learning Plan (LLP). 3 K2 m7 S. `9 ~% S* O7 H
The LLP allows you to withdraw amounts from your
8 t# n) q0 e6 x8 n0 @registered retirement savings plans (RRSPs) to finance ! z+ R2 ~& U z' M1 r7 _
training or education for you or your spouse or
6 p, \; v" \1 O9 b7 }7 u Pcommon-law partner. You do not have to include the 4 v; d5 j9 m4 g. v t' ?" f7 J
withdrawn amounts in your income, and the RRSP issuer
6 j) o. _$ T) v) x: r2 B Pwill not withhold tax on these amounts.
+ H9 n! n, r8 E7 JYou have to repay these withdrawals to your RRSPs over a 5 }' X, }' b( n
period of no more than 10 years. Any amount that you do 8 |: j, O# c7 P" s
not repay when it is due will be included in your income
- Y# Q7 b" k6 @3 A/ ?for the year it was due. |
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