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Home buyers’ plan (HBP)
The Home Buyers' Plan (HBP) is a federal government program that allows you to borrow up to $25,000 from your RRSP tax free to fund your purchase. If both you and your spouse qualify, you can each borrow up to $25,000 from your RRSPs, for a total of $50,000. The money must have been in your RRSP for at least 90 days.