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Is this guide for you?
3 A* Q1 Z ?1 MUse this guide if you want information about participating ) Q# t/ w0 m$ t8 T
in the Lifelong Learning Plan (LLP). $ Z: g/ M1 _( V ?! v
The LLP allows you to withdraw amounts from your - q5 R Y8 H* }. S' p" Y! \' O
registered retirement savings plans (RRSPs) to finance
8 A z' r: r2 A$ j5 Z, V; Qtraining or education for you or your spouse or
+ Q3 {' l1 }9 Jcommon-law partner. You do not have to include the
; d4 A! G' C2 I: `withdrawn amounts in your income, and the RRSP issuer
3 o4 i4 b2 m! q; F, _will not withhold tax on these amounts.
, z( c* @1 I8 {1 tYou have to repay these withdrawals to your RRSPs over a ( o1 c+ @" F) g
period of no more than 10 years. Any amount that you do 8 W, f7 z; X! A& g1 R$ O* C
not repay when it is due will be included in your income
- T$ A6 W+ Y0 Jfor the year it was due. |
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