Is this guide for you? 9 B: g B5 p& Q1 u0 AUse this guide if you want information about participating - d0 h4 q; S' L+ qin the Lifelong Learning Plan (LLP). $ A# r* Y+ x1 B. ^! g0 P1 n1 q+ VThe LLP allows you to withdraw amounts from your / `1 E* A" H: U$ O
registered retirement savings plans (RRSPs) to finance , a5 L' P3 I( ~6 p5 j; t5 b' p$ Atraining or education for you or your spouse or 8 H. t5 u! L/ _) a+ S0 j
common-law partner. You do not have to include the 4 Q8 A* R4 N: h1 @withdrawn amounts in your income, and the RRSP issuer 5 z. `4 g4 K- q: Y$ ~will not withhold tax on these amounts. 0 u2 \* h; {8 N" u& X) T* u
You have to repay these withdrawals to your RRSPs over a ) q' l" O7 L0 s: c2 Q; t
period of no more than 10 years. Any amount that you do . z/ w" |3 ]" p2 r0 q- ]8 s
not repay when it is due will be included in your income - t: {+ V# t& n: ?8 nfor the year it was due.