Home Buyers’ Plan

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Is this guide for you?
. W0 o3 o4 [& r$ iUse this guide if you want information about the rules that
& C% P, c- Z& \  Sapply to the Home Buyers’ Plan (HBP).
What is the HBP?
* K& p/ }% Z& T6 vThe HBP is a program that allows you to withdraw up
to $20,000 from your registered retirement savings plans
' x7 }. f: X/ u% [2 e! j(RRSPs) to buy or build a qualifying home. However, the
: N3 K$ u7 _( i- R1 ^# Oprogram sets out certain conditions for participation. If an
9 a6 W/ O8 b9 x  Bindividual meets all the applicable HBP conditions, the
5 C' c- C$ C2 d" v& z; f& {withdrawals will not have to be included in his or her
income, and the RRSP issuer will not withhold tax on these
$ k- d  @, ]/ [  mamounts. If you buy a qualifying home with your spouse or
common-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
- c/ N  s/ j* @0 F" v' {5 ORRSPs within a 15-year period. Generally, you will have to
; ]1 R. }  L) \7 _repay an amount to your RRSPs each year, starting the
/ p3 j9 B5 ~; J. Z- Hsecond year after the funds are withdrawn, until you have
6 [* Q: @9 w* c" s# g% @7 Srepaid the total amount you withdrew. If you do not repay
; d2 ]3 Z  w- \+ i0 c) f; Cthe 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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