The Home Buyers’ Plan allows eligible individuals to withdraw up to $25,000 tax free from their Registered Retirement Savings Plan (RRSP) to purchase or build a qualifying home. A number of conditions have to be met in order to participate in the HBP. While some conditions have to be met before you can withdraw funds from your RRSPs, others apply when or after you receive the funds. Generally, if you participate in the HBP, you have to meet all the HBP conditions yourself. However.
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