What is the Federal Home Buyer's Plan?
June 20th, 2011
The Federal Government Home Buyer's Plan (HBP) is available to first time home buyers and a few others. The plan was established in 1992 to allow first time home buyers to draw up to $25,000 from their RRSP's, tax free as a downpayment. Couples can use up to $50,000. To qualify, a) you must not have owned a home in the past 5 years, b) you must use the home as your primary residence, c) repay ...