Home Buyers' Plan Calculator
Free Canada calculator designed to help users make accurate financial decisions using local standards.
Home Buyers' Plan Guide
First-time home buyers in Canada can withdraw up to $35,000 per person (or $70,000 per couple) from their RRSP tax-free to purchase a principal residence. Funds must be repaid over a minimum 15-year period.
Frequently Asked Questions
Clear answers to common questions to help you use this calculator confidently.
What is Home Buyers' Plan?
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What is Home Buyers' Plan?
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HBP allows first-time buyers to withdraw up to $35,000 (or $70,000 per couple) from RRSP tax-free for home purchase.
How long to repay?
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How long to repay?
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15-year repayment period minimum. If you miss a payment, it's added to your income and taxed.
Are there eligibility requirements?
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Are there eligibility requirements?
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Must be first-time buyer, not owned a principal residence in past 4 years. Funds must be used within 1 year of withdrawal.
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