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Home Buyers' Plan (HBP)

Canada Revenue Agency

Up to $60K

HBP withdrawal limit is $60,000

Lets first-time buyers withdraw from their RRSPs to buy or build a qualifying home without tax on the withdrawal, repaying it over time. It can be combined with a first home savings account withdrawal.

Open the official page ↗
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How to apply

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Who qualifies

People buying or building a qualifying home for themselves or for a specified disabled person, with RRSP savings to withdraw. Full first-time buyer conditions are on the CRA page.

Individuals

Good to know

  • Funding: This is a withdrawal of your own RRSP savings that you repay, not a grant. Repayment start is deferred to the fifth year after the first withdrawal for first withdrawals made 2026 to 2028.

Evidence from the official page

  • amount“Currently, the HBP withdrawal limit is $60,000 .” source ↗
  • status“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” source ↗

Verified 2026-10-07 · High confidence. Always confirm on the official page before applying.