What is the Home Buyers' Plan?

What is the 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.

Notes

You will see references to the pooled registered pension plan (PRPP) in the HBP information pages. For more information, go to The Pooled Registered Pension Plan (PRPP).

Forms and publications

*source - Canada Revenue Agency

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