Is this guide for you? * z5 e/ @ W+ tUse this guide if you want information about participating ! ?: J& E2 c& L( _* i
in the Lifelong Learning Plan (LLP). ( l, j+ t/ t: b0 B
The LLP allows you to withdraw amounts from your ! a6 A& L" z5 v {& {registered retirement savings plans (RRSPs) to finance 8 K9 ?/ Z# T i
training or education for you or your spouse or 0 X+ k# x z h
common-law partner. You do not have to include the / F) ]+ z, V2 o2 O9 i, b E) kwithdrawn amounts in your income, and the RRSP issuer ) }' P3 T& P( Z8 N- H# rwill not withhold tax on these amounts. $ C) e! |% M' F6 O5 MYou have to repay these withdrawals to your RRSPs over a ) u& y$ T: l3 X- v6 G
period of no more than 10 years. Any amount that you do 8 Y9 v$ Z7 c9 ~7 U" b: {/ V
not repay when it is due will be included in your income / P0 h2 ^- a" T8 V7 d0 g9 }* P
for the year it was due.