Is this guide for you? 0 L1 Z/ ^) L" p* K, @" zUse this guide if you want information about participating y. _9 C$ [ q# S/ l+ N% j8 ein the Lifelong Learning Plan (LLP). 4 w) T7 ^1 P/ X2 T; I3 [
The LLP allows you to withdraw amounts from your / m3 k: }7 h3 \9 ], w$ M6 H/ u+ aregistered retirement savings plans (RRSPs) to finance ' `- @+ E) L O/ T6 jtraining or education for you or your spouse or ) i8 d- W& b, p5 } ncommon-law partner. You do not have to include the : K6 c+ Q& Z& B( b% i5 b
withdrawn amounts in your income, and the RRSP issuer 6 S# W0 E$ D Qwill not withhold tax on these amounts. " k+ _+ l% Z1 E9 ]9 A# f9 G
You have to repay these withdrawals to your RRSPs over a 2 J# _9 V. L) l" I8 h# o2 Q
period of no more than 10 years. Any amount that you do - V% m7 L$ v+ ?5 [0 Z/ \: g
not repay when it is due will be included in your income . s" w5 k4 {- ~/ @1 V
for the year it was due.