Skip Header Navigation

The Home Buyers' Plan allows you to borrow funds from your RRSP to purchase your first home. Here are some of the key facts:

  • You and your spouse can each withdraw up to $25,000 from your RRSP.
  • The funds must have been on deposit at least 90 days before you withdrew them.
  • At least 1/15 of the funds must be repaid each year, beginning two years after the funds were withdrawn.
  • A signed agreement to buy or build a qualifying home is required.
  • You can only participate in the program once.

For details see Canada Revenue Agency (opens external website in new window)