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Glossary term

Home Buyers' Plan

Canadian RRSP home purchase withdrawal

🇨🇦Canada · Tax Year 2026Reviewed Plain-English
Definition

What is Home Buyers' Plan?

The HBP lets first-time buyers withdraw up to $60,000 from an RRSP tax-free to buy or build a home. You repay into the RRSP over 15 years starting in year 3. Combine with FHSA ($40k cap) for up to $100,000 toward a first home.

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