Is this guide for you? 4 T8 Y/ _, p! o' y0 w+ ?
Use this guide if you want information about participating ) d& S( i+ ~- a2 E/ f1 _# win the Lifelong Learning Plan (LLP). 7 q, p. r' D. I4 l% i9 JThe LLP allows you to withdraw amounts from your ! x; e: c c( q6 Q' D# {
registered retirement savings plans (RRSPs) to finance " x4 r/ K+ F8 A* {- v0 y1 a/ z' Htraining or education for you or your spouse or ) Y4 @, B) u9 l' zcommon-law partner. You do not have to include the 5 v7 J# m" k4 B( ?. z# P
withdrawn amounts in your income, and the RRSP issuer 9 O- p5 ^( R2 a+ Iwill not withhold tax on these amounts. 9 v' D8 r. V! r- k# ZYou have to repay these withdrawals to your RRSPs over a & N( w2 R! {6 M. J6 zperiod of no more than 10 years. Any amount that you do 4 F/ k4 t% J" k2 _; Tnot repay when it is due will be included in your income # Q) n( r( a; y# Y c% P; Q
for the year it was due.