Home Buyers’ Plan

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Is this guide for you?
Use this guide if you want information about the rules that
; \& L1 N% P8 R, z  p- lapply to the Home Buyers’ Plan (HBP).
What is the HBP?
The HBP is a program that allows you to withdraw up
$ y9 \& ^) [8 w+ x7 e% {( A8 Bto $20,000 from your registered retirement savings plans
7 c, h" u4 t0 ]# M# D(RRSPs) to buy or build a qualifying home. However, the
. D. X* M3 Z" r- s% V+ D4 m+ `5 gprogram sets out certain conditions for participation. If an
individual meets all the applicable HBP conditions, the
: |: f* |* r' f% R0 Mwithdrawals will not have to be included in his or her
income, and the RRSP issuer will not withhold tax on these
. G4 x9 o; O, V+ h. uamounts. If you buy a qualifying home with your spouse or
common-law partner, or with other individuals, each of
you can withdraw up to $20,000.
Under the HBP, you have to repay all withdrawals to your
RRSPs within a 15-year period. Generally, you will have to
1 p) A- S; k8 ?5 f& F1 [+ C6 Rrepay an amount to your RRSPs each year, starting the
2 w# q' ]% N6 B8 ssecond year after the funds are withdrawn, until you have
repaid the total amount you withdrew. If you do not repay
the amount due for a year, it will have to be included in
your income for that year.

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再详细一点就好了。

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