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Withdraw Funds for the Home Buyers' Plan (HBP)
The Home Buyers' Plan allows qualifying participants to withdraw money from their RRSP to buy or build a home without being taxed on the withdrawal. Participants then pay back the money into their RRSP over a specified period of time.
To request a RRSP withdrawal to buy or build a qualifying home
- Make sure you meet all conditions for HBP.
- Complete Form T1036.
Important Notes:
- Fixed GICs are not eligible for early redemption and must remain invested until the expiry of the selected term.
- Your request will be completed within 1 business day of receipt of the completed form. Log in to online banking to verify your withdrawal.
For more information, eligibility rules, and application forms, visit the Government of Canada's website page, Home Buyers' Plan (HBP).