Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.
Canada Revenue Agency. Learn more: Visit http://www.cra-arc.gc.ca/hbp/. Or to participate in the Home Buyers’ Plan visit http://www.cra-arc.gc.ca/E/pbg/tf/t1036/README.html or call 1.800.959.8287