Eligibility for Home Buyers Plan
Home Buyers Plan : To participate in the HBP, you must meet both the HBP eligibility and RRSP withdrawal conditions.
On this page:
Do I meet the 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).
Home Buyers’ Plan
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.
Notice on RC4135
The information on this page replaces the information in Guide RC4135, Home Buyers’ Plan, which has been eliminated.
We can HELP !! We also BUY HOUSES. Please call:
P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!
Are you a Canadian real estate Investor? Join Canada’s largest real estate investors club now.