Is this guide for you? % e. x( ?7 O* ~4 X0 t
Use this guide if you want information about participating ) i2 }; H6 r oin the Lifelong Learning Plan (LLP). , y0 F) {7 A! e3 HThe LLP allows you to withdraw amounts from your ; I1 [+ o1 V8 S' F% c$ A& T
registered retirement savings plans (RRSPs) to finance ) I5 k1 p1 M- G# @. Qtraining or education for you or your spouse or 3 M, C3 `& M1 y: J! c4 s; }common-law partner. You do not have to include the 2 H( b2 l2 t* V9 T U0 b ]& A3 _- Awithdrawn amounts in your income, and the RRSP issuer - c. }: D$ {# N( [- M9 Ywill not withhold tax on these amounts. 7 G0 n5 W# E3 k/ b7 n3 ^+ r9 pYou have to repay these withdrawals to your RRSPs over a * |( F+ a2 w- [0 p0 b( n* Dperiod of no more than 10 years. Any amount that you do # Z4 W6 }! i( b& inot repay when it is due will be included in your income * F; V& [5 ^/ {7 S
for the year it was due.