Is this guide for you? 1 k, {8 @, Y0 Z2 Z) ^Use this guide if you want information about participating % X# P) ]" Q2 F; [
in the Lifelong Learning Plan (LLP). ) C4 c' I; `0 i, W2 p1 Y
The LLP allows you to withdraw amounts from your + s! D/ ?) s- }% q. Q! Xregistered retirement savings plans (RRSPs) to finance 6 k5 n3 K% D; D$ k% m! Wtraining or education for you or your spouse or 0 K8 n* N3 {6 b. n2 }7 J b& y' wcommon-law partner. You do not have to include the 8 d; F4 l. D0 Jwithdrawn amounts in your income, and the RRSP issuer 2 g% c3 s1 q% T3 M. d6 U$ Owill not withhold tax on these amounts. : z* M' `/ ^# ~. M% E* o
You have to repay these withdrawals to your RRSPs over a 4 C; t# v8 J' s0 \period of no more than 10 years. Any amount that you do 1 u$ e* P) J4 Q$ knot repay when it is due will be included in your income 5 L" ^$ \$ e3 v& V' e8 w
for the year it was due.