HBP (Home Buyers' Plan)
Withdraw up to $35,000 from RRSP to buy first home
The HBP allows first-time home buyers to withdraw up to $35,000 from their RRSP tax-free to purchase or build a qualifying first home. The amount must be repaid to the RRSP over 15 years. If a repayment is missed, it is included in your income for that year.