 鲜花( 0)  鸡蛋( 0)
|
Is this guide for you? # J: n7 {( t, _: s
Use this guide if you want information about participating ; D! w9 V5 `- N4 i P
in the Lifelong Learning Plan (LLP).
, U, a5 V+ K( ?& v5 dThe LLP allows you to withdraw amounts from your
: E6 e& P) o% F0 a! _2 cregistered retirement savings plans (RRSPs) to finance
4 A$ N) b3 m K' X/ \: V) Q0 Ftraining or education for you or your spouse or
# M/ T# j+ F! n; P2 ~; `. b, zcommon-law partner. You do not have to include the 4 z7 `5 ]9 v0 h2 m, V3 e& w
withdrawn amounts in your income, and the RRSP issuer ; L7 V4 E; h: _& \+ O6 t
will not withhold tax on these amounts. ; z. A3 L. d% ^- I- S; L1 e
You have to repay these withdrawals to your RRSPs over a 3 U7 A. w/ z# u) W% x
period of no more than 10 years. Any amount that you do 2 v& r2 o/ ^& F7 `2 \
not repay when it is due will be included in your income
4 c/ A; b% n5 _7 V* efor the year it was due. |
|