The Home Buyers' Plan 

The Home Buyers' Plan (HBP) is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a specified disabled person. Currently the HBP withdrawal limit is $35,000.

Budget 2024 proposes to increase the HBP withdrawal limit from $35,000 to $60,000. The increased withdrawal limit would apply to withdrawals made after April 16, 2024. For more information on changes to HBP, go to Putting home ownership back within reach and supporting Canadian homeowners.


You can withdraw amounts from your RRSP under the HBP and make a qualifying withdrawal from your first home savings account (FHSA) for the same qualifying home, as long as you meet all of the conditions at the time of each withdrawal. For information about FHSA, go to First home savings account (FHSA).



You will see references to the pooled registered pension plan (PRPP) in the HBP information pages. For more information, go to Contributions to a PRPP.

Forms and publications

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