RRSP Home Buyers’ Plan Canada 2026 — $60,000 HBP Limit

Home Buyers' Plan limit in 2026

The Home Buyers' Plan allows an eligible buyer to withdraw up to $60,000 from an RRSP for a qualifying home purchase. If two eligible buyers purchase together, each can potentially use their own HBP limit, subject to the program rules and the amount available in each person's RRSP.

This replaces the old $35,000 limit that still appeared in an earlier version of this guide. HBP withdrawals are not ordinary RRSP withdrawals when all program conditions are met, but designated repayments are generally required later under the HBP schedule.

HBP and FHSA can be used together

An eligible first-time buyer can use the HBP and a qualifying FHSA withdrawal for the same home. The HBP can provide up to $60,000 from an RRSP, while the FHSA has a $40,000 lifetime contribution limit and qualifying withdrawals are tax-free without an HBP-style repayment requirement.

Someone who has fully funded an FHSA and has enough eligible RRSP savings could therefore potentially access up to $100,000 from the two programs combined. Actual available amounts depend on account balances, contribution room, eligibility and timing rules.

Important rules to check before withdrawing

Planning order

Check your FHSA room, RRSP balance, HBP eligibility, down-payment requirement, closing costs and emergency reserve together. Using the maximum available withdrawal is not automatically the best choice if it leaves retirement accounts depleted or creates an uncomfortable future repayment obligation.

Before requesting an HBP withdrawal, confirm the current rules with CRA and your financial institution. Program forms and timing requirements matter.