RRSP Home Buyers’ Plan: Borrow Up to $60,000 From Your RRSP, Tax-Free
RRSP 购房计划：免税提取最高 $60,000 做首付
First-time buyers can now withdraw up to $60,000 from their RRSP — $120,000 per couple — tax-free toward a first home. Here’s how it works in 2026.
首次购房者现在可从 RRSP 免税提取最高 $60,000（夫妻合计 $120,000）做首付。2026 年最新规则一看就懂。
Buying your first home? The Home Buyers’ Plan (HBP) lets you borrow money from your own RRSP — tax-free — to put toward your down payment.
The limit went UP. Since April 2024, you can withdraw up to $60,000 from your RRSP under the HBP (it used to be $35,000 — and $25,000 when I first wrote about this!). If you and your spouse or partner are both first-time buyers, that’s up to $120,000 combined.
Tip: The HBP can be combined with the First Home Savings Account (FHSA) — up to $40,000 more in tax-free savings for your first home.
How do you qualify?
- You are a resident of Canada when you withdraw the money.
- You are a first-time home buyer — generally, neither you nor your spouse/partner lived in a home that either of you owned during the current year or the previous 4 calendar years.
- You have a written agreement to buy or build a qualifying home in Canada, and you plan to live in it as your principal residence within 1 year.
- Watch the 89-day rule: RRSP contributions you make in the 89 days right before your HBP withdrawal may not be fully tax-deductible — you can only deduct up to your RRSP's value after the withdrawal. To keep the full deduction, contribute at least 90 days before you withdraw.
- You must buy or build the home before October 1 of the year after your withdrawal.
How does repayment work?
- You have 15 years to pay the money back into your RRSP, in yearly instalments of 1/15 of what you withdrew.
- Repayment normally starts in the 2nd year after your withdrawal. Good news: the start is pushed to the 5th year if your first withdrawal was between January 1, 2022 and December 31, 2028. Budget 2024 first brought in this relief for 2022–2025 withdrawals, and the Spring Economic Update 2026 (passed in Bill C-30) extended it through 2028 — so a first withdrawal in 2026 doesn't need its first repayment until 2031.
- If you miss a yearly payment, that year’s amount (1/15) is added to your taxable income for that year.
To withdraw, simply ask your bank or RRSP issuer to complete CRA Form T1036 with you. Full details are in the CRA’s guide RC4135, Home Buyers’ Plan (HBP).
Thinking about your first home in Mississauga or Oakville? I’d be happy to walk you through the numbers — reach me at janepenghomes@gmail.com.
要点 Key Takeaways
- 每人最高提取 $60,000，夫妻双方都是首次购房可达 $120,000
- 可与 FHSA 首套房储蓄账户叠加使用
- 注意 89 天规则：提取前 89 天内新存入的供款可能无法全额抵税，提前 90 天以上存入最稳妥
- 15 年内还清；2022–2028 年间首次提取的人，第 5 年才开始还款
- 当年没还够的部分，要计入当年收入缴税
