Home Buyers' Plan (HBP) Calculator
The Home Buyers' Plan lets you withdraw up to $60,000 from your RRSPs to buy a qualifying home, then repay it over 15 years.
Calculator
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Minimum yearly repayment
$4,000
Over 15 years
Repayments run
2031 – 2045
Includes the temporary later start for first withdrawals in 2022–2028
Amounts you don't repay in a year are added to your income for that year. Confirm your schedule in your CRA account.
When repayments start
Normally, repayments start in the second year after your first withdrawal. For first withdrawals in 2022–2028, a temporary measure moves the start to the fifth year.
Sources
Rules are summarized in our own words from official publications. Check the source and talk to your lender or a licensed professional before making a decision.
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.