Is this guide for you? |# _1 O% u" z. e$ r6 wUse this guide if you want information about participating : L7 |3 `) t, b: [1 z* j! Jin the Lifelong Learning Plan (LLP). ! t' m" H4 K- b9 P) | [- ?9 gThe LLP allows you to withdraw amounts from your # l) r& D& U3 r9 w! [. R" v4 vregistered retirement savings plans (RRSPs) to finance ; C# c: g# S( ^) b l0 F" {training or education for you or your spouse or " x$ E( Z+ a: ~
common-law partner. You do not have to include the " Y# p# W" t/ ]; w) `withdrawn amounts in your income, and the RRSP issuer c' ^! \: l# B( b* ], jwill not withhold tax on these amounts. " r# i4 y \8 F( O" o
You have to repay these withdrawals to your RRSPs over a : |$ r9 j/ J% H
period of no more than 10 years. Any amount that you do 1 S, W" w) |& i: t+ n
not repay when it is due will be included in your income ( d0 b/ _7 c6 E3 Q& L3 L! x# d
for the year it was due.