The Home Buyer’s Plan (HBP) is a government program that allows home buyers to withdraw up to $35,000 from their Registered Retirement Saving’s Plan (RRSP) to put towards buying or building a new home.

A series of requirements must be met, including:

• A written agreement that specifies whether you will be buying or building your new home
• You must occupy the space no later than a year after buying/building
• You must receive or be considered to have received all withdrawals in the same calendar year
• This program may be also used to buy/build a home for a related person with a disability
• For further information, visit the Government of Canada website link: 

CLICK HERE!