Home Buyers' Plan (HBP) Calculator

Calculate how much you can withdraw from your RRSP under the Home Buyers' Plan and plan your repayments.

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The Home Buyers' Plan allows first-time home buyers to withdraw up to $35,000 from their RRSP tax-free to buy or build a qualifying home. The withdrawn amount must be repaid over 15 years; missed annual repayments are added to your taxable income for that year. The tax benefit estimate is illustrative only - actual savings depend on your province, filing situation, and the year of withdrawal. Always verify eligibility and repayment obligations with the Canada Revenue Agency (cra.gc.ca/hbp). This calculator does not constitute financial or tax advice.