Is this guide for you? 1 M; T3 v5 {8 ?! \- A5 B. V
Use this guide if you want information about participating . `5 h0 c* a' L4 s6 F: V+ b' Gin the Lifelong Learning Plan (LLP). 4 C2 h2 U D0 \# U3 N8 K$ k
The LLP allows you to withdraw amounts from your ; K+ |7 A/ f; o3 R) O
registered retirement savings plans (RRSPs) to finance 0 h& X# C- z4 g+ \training or education for you or your spouse or ' {( a; I6 C2 q% v0 R9 m; Rcommon-law partner. You do not have to include the ( `; f- u7 v7 ^+ d; Q+ F v8 ~8 fwithdrawn amounts in your income, and the RRSP issuer $ i* U9 q/ q& h( I) Dwill not withhold tax on these amounts. & f: R8 _1 Q* f7 q- g
You have to repay these withdrawals to your RRSPs over a M$ ?! n3 {! i4 L7 _4 T, b
period of no more than 10 years. Any amount that you do 5 [% U& W" n& v! j+ J6 ]& z. W7 dnot repay when it is due will be included in your income $ h3 y6 v' ~: v- }
for the year it was due.