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Is this guide for you?
$ }9 y- I, ~- b' E- M9 YUse this guide if you want information about participating 1 d9 h' Z, o, b; N o- i
in the Lifelong Learning Plan (LLP).
% f9 }$ B8 W% _/ B% h7 x. mThe LLP allows you to withdraw amounts from your / i" p/ I: i; G
registered retirement savings plans (RRSPs) to finance
4 a" c' y% j) Z1 Straining or education for you or your spouse or ! O/ @2 _- y) t, p% @, ^2 _; \! y
common-law partner. You do not have to include the 5 Y1 _' O8 p, A0 v* Z/ ~
withdrawn amounts in your income, and the RRSP issuer
3 b: I% c3 G3 S- v: Hwill not withhold tax on these amounts.
( {4 g: [2 b7 ~- ~* x# `You have to repay these withdrawals to your RRSPs over a ?8 C5 p+ L9 D; E
period of no more than 10 years. Any amount that you do 3 v$ w2 X5 o9 Y: r0 J
not repay when it is due will be included in your income / a+ a& _/ [# T
for the year it was due. |
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