Is this guide for you? ) l7 y' a; d5 m* d$ ]$ }+ u% O8 nUse this guide if you want information about participating + a+ V$ w% Z7 W3 F1 O1 K4 Y
in the Lifelong Learning Plan (LLP). # R1 `# G9 h( g/ {4 T
The LLP allows you to withdraw amounts from your 6 ` k* o3 J* tregistered retirement savings plans (RRSPs) to finance $ b% N/ @% B# [5 y4 z
training or education for you or your spouse or " F2 r3 w9 R% s, o4 acommon-law partner. You do not have to include the 1 b7 {6 W+ r8 W0 k) T; Owithdrawn amounts in your income, and the RRSP issuer 9 V8 K2 a3 [( W
will not withhold tax on these amounts. 3 [, }: t# x+ h- u4 \6 E
You have to repay these withdrawals to your RRSPs over a # k* `# N- q4 h* q. C
period of no more than 10 years. Any amount that you do ' N- `; U: C/ x" @1 i8 ~+ s
not repay when it is due will be included in your income 6 G' `) q) K# T) ~( ^ O( S
for the year it was due.