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)
to buy or build a qualifying home for yourself or for a related person with a disability.
Learn how to buy second house with your RSSP plan even if you already own a house.
Learn more at www.flipping4profit.ca
Reseve your seat for the live training and
coaching at www.flipping4profit.ca
Notice on RC4135
The information on this page replaces the information in Guide RC4135, Home Buyers’ Plan, which has been eliminated.
