What is the Home Buyers' Plan (HBP)?

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.

Note

Budget 2019 proposes to increase the Home Buyers' Plan withdrawal limit to $35,000. This would be available for withdrawals made after March 19, 2019.

Services and information

Note 

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).

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