Canada Revenue Agency’s Home Buyers' Plan lets qualifying home buyers use up to $25,000 of their Registered Retirement Savings Plan (RRSP) to buy a home. Couples can use up to $50,000. The home must be the principal residence, the home buyers must not have owned a home within the past five years and the loan must be repaid within 15 years.
Home buyers who have already used the plan and have fully repaid their RRSP may be eligible to use the plan a second time.
Disabled home buyers upgrading to a more accessible home also qualify as do relatives helping disabled home buyers.
Canada Revenue Agency
Home Buyers' Plan