A provision under Canadian law that permits the withdrawal of up to $25,000 from a registered retirement savings plan (RRSP) for the purpose of purchasing or building housing in Canada for personal use (or for a disabled family member). This withdrawal is treated as a loan against the retirement plan. The person making the withdrawal must repay the plan over a period of no more than 15 years.
Related information about home buyers' plan (HBP):
- Home Buyers' Plan (HBP)
Jan 4, 2012 ... The conditions that need to be met to withdraw funds from your Registered Retirement Savings Plan (RRSP) for the Home Buyers' Plan (HBP), ...
- Home Buyers' Plan (HBP) Definition | Investopedia
A program in Canada that allows RRSP holders to withdraw up to $25000 from their plan to buy or build a home for themselves. The major benefit of the Home ...
- Understanding the Home Buyers' Plan (HBP). Sylvia Ho, 604.307 ...
As a “qualified buyer”, you are allowed to withdraw funds from your RRSP to use as a down payment for the purchase without incurring a penalty. You can ...
- Home Buyers Plan in Canada
Jan 8, 2012 ... The Home Buyers Plan (HBP) is a Canadian federal government program which helps Canadian residents buy a home for the first time.
- Why the Home Buyers Plan needs an overhaul. | Cat Got My Tongue
Jun 6, 2012 ... So, that got me spinning on another related topic that has always been a hornet's nest for me: The Home Buyers Plan (HBP). What a ridiculous ...
- canada - Should I repay my Home Buyer's Plan (HBP) RRSP loan ...
You will not benefit at tax time like you did with your initial contributions, because you have already benefited and are simply repaying your withdrawn ...
- Home Buyers' Plan
Oct 15, 2012 ... The Home Buyers' Plan allows eligible individuals to withdraw up to $20 000 tax free from their Registered Retirement Savings Plan to ...
- Home Buyers' Plan | Financing your Down Payment | Financial ...
Jul 16, 2012 ... If you are a first-time home buyer, the Home Buyers' Plan (HBP) allows you to withdraw money from your Registered Retirement Savings Plan ...