What is the Home Buyers’ Plan?
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.
- How to participate in the Home Buyers’ Plan?
What are the HBP eligibility and RRSP withdrawal conditions?
- How to withdraw funds from RRSPs under the Home Buyers’ Plan?
Follow the steps to withdraw funds from your RRSPs
- How to repay the funds withdrawn from RRSP(s) under the Home Buyers’ Plan?
When and how much to repay, how to make a repayment and exceptions to repayment dates
- How to cancel participation in the Home Buyers’ Plan?
Situations when you can cancel your participation, how to cancel and due dates