Home Buyers' Plan (HBP) 2026: the $60,000 limit and how repayment works
Quick summary
The Home Buyers' Plan (HBP) lets you take money out of your RRSP to buy or build a home. The CRA says the limit is $60,000, and you repay it over 15 years. See also the First Home Savings Account guide.
Checked November 3, 2026. Main source: CRA: What is the Home Buyers' Plan (modified Feb. 17, 2026). See all 2 sources.
The HBP limit
The CRA says the HBP withdrawal limit is $60,000. You can use it to buy or build a qualifying home for yourself or for a specified disabled person.
Source: CRA: What is the Home Buyers' Plan (modified Feb. 17, 2026).
How repayment works
You repay over 15 years. For first withdrawals made from January 1, 2026 to December 31, 2028, the CRA says repayment starts in the fifth year after the year of the first withdrawal, instead of the second year under the old rules. For example, a first withdrawal in 2026 means the first repayment year is 2031.
The full conditions for who qualifies are on a separate CRA page, linked from the program page.
Source: CRA: What is the Home Buyers' Plan (modified Feb. 17, 2026).
HBP or FHSA?
The FHSA gives a deduction and a tax-free withdrawal for a first home with no repayment. The HBP uses money already in your RRSP and must be repaid. Read both before you choose.
Check what you learned
3 quick questions. Nothing is saved or sent.
1. What is the Home Buyers' Plan withdrawal limit, per the CRA?
2. How long do you have to repay an HBP withdrawal?
3. For a first HBP withdrawal made in 2026, when does repayment start?
Questions people ask
How much can I withdraw under the Home Buyers' Plan?
$60,000, per the CRA.
How long do I have to repay the HBP?
15 years. For first withdrawals from 2026 to 2028, the first repayment year is the fifth year after the year of the first withdrawal.
Is HBP money taxed when I take it out?
The CRA page we read does not describe the tax treatment or missed repayments. It says you repay over 15 years. Read the CRA sections on repayment before you decide.
Can a couple each use the HBP?
The CRA program page does not say on the page we read. Check the CRA's eligibility page before you rely on it.
Try it with your numbers
Does your province have its own rules?
Taxes and fees on a home purchase, and some programs for first-time buyers, differ by province. Pick yours to see where to look. We remember your choice on this device only.