The Home Buyers' Plan (HBP) is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a specified disabled person. Currently the HBP withdrawal limit is $60,000.

Topics

• Definitions for Home Buyers' Plan
  Definitions of some of the terms for Home Buyers' Plan (HBP)
• How to participate in the Home Buyers' Plan
  Home Buyers' Plan (HBP) eligibility and RRSP withdrawal conditions
• How to make withdrawals from your RRSPs under the Home Buyers' Plan
  Follow the steps to make a withdrawal from your registered retirement savings plans (RRSPs).
• How to repay the amounts withdrawn from your RRSPs under the Home Buyers' Plan
  When and how much to repay, how to make a repayment and exceptions to repayment dates.
• How to cancel a participation in the Home Buyers' Plan
  Situations when you can cancel your participation, how to cancel and due dates.
• How to report repayments on your income tax and benefit return
  Find out which form to fill out and file with your income tax and benefit return.
• How to view your HBP balance – Use online application with My Account
  Use one of our online services for direct access to your HBP balance.

Forms and publications

• Form T1036, Home Buyers' Plan (HBP) Request to Withdraw Funds from an RRSP
• Schedule 7, RRSP, PRPP and SPP Contributions and Transfers and HBP and LLP Activities - common
• Form RC471, Home Buyers' Plan (HBP) – Cancellation
• Form RC98, Election to transfer the Home Buyers’ Plan (HBP) or Lifelong Learning Plan (LLP) balance at time of death