Is this guide for you? : b1 C/ S* o8 i/ xUse this guide if you want information about participating / H; H7 f J9 j Iin the Lifelong Learning Plan (LLP). ! k6 p5 O/ t$ PThe LLP allows you to withdraw amounts from your 8 A# p: c5 j( l( \8 M6 O" R8 q
registered retirement savings plans (RRSPs) to finance - w; c6 W- e$ i. T1 P( Ltraining or education for you or your spouse or , F/ d2 h! X+ q4 K
common-law partner. You do not have to include the . j4 g! `5 S8 d9 Y0 `
withdrawn amounts in your income, and the RRSP issuer ! q4 c/ [' |2 w7 `$ f
will not withhold tax on these amounts. / d1 [1 l' p* k2 UYou have to repay these withdrawals to your RRSPs over a . r1 X; E1 y' y% Yperiod of no more than 10 years. Any amount that you do 8 c: B' I. f4 Bnot repay when it is due will be included in your income 5 p/ V4 H- z" N( r* |for the year it was due.