Is this guide for you? Y3 P3 u" D1 i; U, X
Use this guide if you want information about participating * j5 R+ ]; @ Z! U }1 K
in the Lifelong Learning Plan (LLP). 4 t7 }9 P7 t) g8 v: [
The LLP allows you to withdraw amounts from your % l- `6 E- `6 P- {. L9 q+ T3 M
registered retirement savings plans (RRSPs) to finance ; X! f6 G Z6 u( I0 S( dtraining or education for you or your spouse or ( T" P2 @' ~5 ?3 Vcommon-law partner. You do not have to include the 0 e+ \4 q; T* x m- f1 K9 A
withdrawn amounts in your income, and the RRSP issuer ) n, Z+ \! D2 `& D
will not withhold tax on these amounts. ) x( {$ L( I7 }) F b
You have to repay these withdrawals to your RRSPs over a ! m9 q2 L9 @6 _: L# {+ W% W
period of no more than 10 years. Any amount that you do 9 U& h) Q& j+ ^9 r
not repay when it is due will be included in your income / t2 P& y. O7 p+ H; j2 a" rfor the year it was due.