How can I participate in the Home Buyers Plan?
To participate in the HBP, you must meet both the HBP eligibility and RRSP withdrawal conditions.
On this page:
Have I fulfilled HBP eligibility conditions?
- You must be considered a first-time home buyer.
- You must have a written agreement to buy or build a qualifying home for yourself, for a related person with a disability, or to help a related person with a disability buy or build a qualifying home (obtaining a pre-approved mortgage does not satisfy this condition).
Plan of Home Buyers
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)
Learn how to buy second house with your RSSP plan even if you already own a house.
Learn more at www.flipping4profit.ca
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