Home Buyers' Plan The Home Buyers' Plan allows eligible individuals to withdraw up to $20,000 tax free from their Registered Retirement Savings Plan (RRSP) to purchase or build a qualifying home. Delivered by: Canada Revenue Agency (CRA) Eligibility Information The Canada Revenue Agency considers the following persons first-time home buyers: persons, including former homeowners, who have not owned a home they occupied as a principal place of residence at any time during the four-year period before the date of withdrawal of funds disabled persons acquiring a more accessible home persons acquiring a more accessible home for a disabled person related to them by blood, marriage, common-law partnership or adoption persons providing funds to a disabled person related to them by blood, marriage, common-law partnership or adoption, to build or purchase a more accessible home other criteria may apply Dates and Deadlines Participants must begin repayment two years after withdrawing the funds. Amounts withdrawn under the Plan must be repaid over a period of no more than 15 years. Contact Information Contact the Canada Revenue Agency.
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