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Is this guide for you? 9 R# C. }1 M+ Z: z' ^ ]' {
Use this guide if you want information about participating
, L5 d0 k, E% ]- G7 U1 ]' Min the Lifelong Learning Plan (LLP).
, w* f% ^& e+ M& u c8 x1 |The LLP allows you to withdraw amounts from your
# s3 W9 {9 \# i: S+ D& K. X Vregistered retirement savings plans (RRSPs) to finance # Y \. V% F# U
training or education for you or your spouse or 5 N. ?3 n& M' ]7 J0 g
common-law partner. You do not have to include the
5 e8 B# U% e2 W4 h$ Iwithdrawn amounts in your income, and the RRSP issuer
5 [1 Y/ T4 Y) j6 y( m Wwill not withhold tax on these amounts. ' h e- }& C1 M7 {& \7 K9 K
You have to repay these withdrawals to your RRSPs over a
6 e" D& n" G' I/ yperiod of no more than 10 years. Any amount that you do - l9 z1 f, g# M; l' U- }# ~+ [
not repay when it is due will be included in your income
1 l$ @1 t% ^ A) B& E. _0 |. y% Y. mfor the year it was due. |
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