Home Buyers’ Plan

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Is this guide for you?
' B" A. o6 }2 h; ?" O( qUse this guide if you want information about the rules that
apply to the Home Buyers’ Plan (HBP).
What is the HBP?
" P2 d' n5 V' KThe HBP is a program that allows you to withdraw up
to $20,000 from your registered retirement savings plans
4 U" w8 f7 i' N$ n0 L(RRSPs) to buy or build a qualifying home. However, the
program sets out certain conditions for participation. If an
- \6 k- n, R+ ?& v  p. vindividual meets all the applicable HBP conditions, the
withdrawals will not have to be included in his or her
" W6 i- h& ]; d  T1 Z  kincome, and the RRSP issuer will not withhold tax on these
) o/ ~2 t$ K# r$ u# @amounts. If you buy a qualifying home with your spouse or
6 }2 J- o6 z0 {5 h7 o8 xcommon-law partner, or with other individuals, each of
you can withdraw up to $20,000.
Under the HBP, you have to repay all withdrawals to your
- b6 N7 y- h. e% \8 l8 x- B# }RRSPs within a 15-year period. Generally, you will have to
4 c5 Q, U4 P4 l* _; A. g0 r' prepay an amount to your RRSPs each year, starting the
& s8 g# l* f3 p, ^2 hsecond year after the funds are withdrawn, until you have
repaid the total amount you withdrew. If you do not repay
7 c" P$ o, v: n1 m9 Tthe 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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