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Is this guide for you?
3 d' A* c, z8 N! c3 ~! H* q" @' J% r$ IUse this guide if you want information about participating , p2 X; x; n; n+ f* {
in the Lifelong Learning Plan (LLP). % q8 c" }. Z" G# d0 U! g
The LLP allows you to withdraw amounts from your * Q& T8 [3 g5 ~4 w9 Y8 o
registered retirement savings plans (RRSPs) to finance
5 @ Y* u( \6 X ]8 Q: |training or education for you or your spouse or + e" S8 A& A Q* R
common-law partner. You do not have to include the ' G8 x1 Z, K5 O+ Z9 k* j: w. }
withdrawn amounts in your income, and the RRSP issuer
3 G( z; w: G% y& o$ _will not withhold tax on these amounts. & R; r9 i4 X% i" F! \+ W; h# b
You have to repay these withdrawals to your RRSPs over a 2 ^# K1 G3 M- C V9 E5 J
period of no more than 10 years. Any amount that you do # e7 @$ U9 e" l# `
not repay when it is due will be included in your income , ~% u0 w, f% q8 Y+ r
for the year it was due. |
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