Amount:
You can use up to $25,000 from your RRSP
Who is Eligible:
Canadian first-time home buyers
Description:
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.
Steps to Get this Rebate:
- Determine if you’re eligible by visiting this page.
- Learn how to withdraw funds from your RRSP by visiting this page.
When the Rebate Ends:
Ongoing
Contacts:
Website: Visit CRA’s web page on the Home Buyers’ Plan
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