Home Buyers Plan (HBP)

The Home Buyers Plan (HBP) is a program that allows you to withdraw up to $35K from your Registered Retirement Savings Plan (RRSP) to buy or build a home, these funds need to be paid back within 15 years.

In order to be eligible for this program you must;

1) Be a first time home buyer

2) Written agreement to buy / build

3) Be a resident of Canada

4) Intend to occupy the home as your principal residence

See full details: What is the Home Buyers' Plan (HBP)?

Publication: Government of Canada Website

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