Читать книгу Complete Home Buyer's Guide For Canada - Geraldine Santiago - Страница 33

The Home Buyer’s Plan (HBP) is a program that allows you to withdraw up to $20 000 from your registered retirement savings plans (RRSP) to buy or build a qualifying home. Withdrawals that meet all applicable HBP conditions do not have to be included in your income, and your RRSP issuer will not withhold tax on these amounts. If you buy the qualifying home together with your spouse or common-law partner, or other individuals, each of you can withdraw up to $20 000.

Under the HBP, you must repay all withdrawals from your RRSP within 15 years. Generally, you will have to repay a fixed amount to your RRSP each year until you have repaid the entire amount you withdrew. If you do not repay the amount that is due in a certain year, it will be included in your income for that year. For more information on this topic, call toll-free 1-800-959-8281, or visit www.ccra.gc.ca.