Is this guide for you? * b3 q( R' O7 `0 jUse this guide if you want information about participating 6 \3 H5 a" ]- L9 E: L+ V
in the Lifelong Learning Plan (LLP). 4 L$ t) j6 N; D, b [- H6 ~
The LLP allows you to withdraw amounts from your 3 j& Z& w" \- e) s3 uregistered retirement savings plans (RRSPs) to finance ! |& i" A+ ?7 e& D3 d/ q
training or education for you or your spouse or # T$ C7 C6 k/ F2 m
common-law partner. You do not have to include the ! @% ? V2 _! ~- A- v
withdrawn amounts in your income, and the RRSP issuer 1 s: j7 W' }7 y o2 o1 w% d
will not withhold tax on these amounts. 2 d& A% j \8 B* [4 k/ u' cYou have to repay these withdrawals to your RRSPs over a 1 p4 D4 h; F% L/ _4 T& x- cperiod of no more than 10 years. Any amount that you do / y/ \+ K1 T! Q9 T* A1 c5 }not repay when it is due will be included in your income * ^7 r% W6 J1 g$ b- n( ?for the year it was due.