Is this guide for you? ' \' g) G) W- o, `0 b
Use this guide if you want information about participating ( e3 @3 j: d1 N$ Ain the Lifelong Learning Plan (LLP). # L: l9 f/ t9 R+ s+ C
The LLP allows you to withdraw amounts from your ( k$ o+ p/ r9 l& Q2 y3 f s' _registered retirement savings plans (RRSPs) to finance - j4 l% F5 N% p7 ^ utraining or education for you or your spouse or " h- P5 `# _" L( b- I) `5 {8 c
common-law partner. You do not have to include the " |5 A% d4 s8 y
withdrawn amounts in your income, and the RRSP issuer 1 t" P7 H, z8 q+ Y6 r
will not withhold tax on these amounts. + q6 @' `% \9 \
You have to repay these withdrawals to your RRSPs over a 9 r! h# ?( U a+ rperiod of no more than 10 years. Any amount that you do 7 Y. E$ V, C' T8 [5 l. U
not repay when it is due will be included in your income 7 q/ x1 i3 J; `for the year it was due.