First Time Homebuyer Incentives 2025
1. Home Buyers’ Plan (HBP) – Withdraw RRSP Savings Tax Free The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw upto $60,000 from their RRSPs tax-free to use as a down payment. Key Benefits of the HBP: The withdrawal is not subject to immediate income tax, allowing you…