Home Buyers’ Plan (HBP)
The Home Buyers’ Plan (HBP) may permit an eligible withdrawal from a Registered Retirement Savings Plan for a qualifying home, with later repayment obligations.
Mortgage & home
How much could I combine for a first-home down payment?
Combine eligible first-home savings sources while keeping closing-cost cash separate.
✓ 2026 rules · Last verified August 2026 · Based on official Canadian sourcesEstimated down payment available
$85,000
Planning estimate — not financial advice.
Combined savings sources$100,000
Home Buyers’ Plan amount used$45,000
Closing-cost reserve$15,000
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Understand the result
First Home Savings Account + Home Buyers’ Plan
How the estimate is built
Adds entered First Home Savings Account funds, a Home Buyers’ Plan withdrawal capped at $60,000 per person, and other cash, then subtracts the closing-cost reserve.
What to verify
Eligibility, account-opening dates, withdrawal forms, repayment obligations and spouse amounts must be verified before withdrawing.
Recommended next step
Continue the same decision
Use the next calculator to check another part of the same financial question.
Down Payment
Check the Canadian minimum, 20% target and estimated insurance premium.
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Frequently Asked Questions
Can I use the FHSA and Home Buyers’ Plan together?
Yes. Eligible first-time home buyers can use a qualifying FHSA withdrawal and a Home Buyers’ Plan withdrawal for the same home purchase if they meet the rules of both programs.
How much can I withdraw from my RRSP under the Home Buyers’ Plan?
The current Home Buyers’ Plan withdrawal limit is $60,000 per eligible participant. Couples who each qualify may potentially access their own HBP amounts, in addition to eligible FHSA withdrawals.
How much can I use from an FHSA to buy a first home?
Qualifying FHSA withdrawals are not capped by a separate withdrawal limit beyond the amount available in the account. Contributions are subject to annual and lifetime FHSA limits, and investment growth can increase the eventual amount available.
Do I have to repay money withdrawn from an FHSA like the Home Buyers’ Plan?
No. A qualifying FHSA withdrawal does not have to be repaid. Home Buyers’ Plan withdrawals from an RRSP are different and generally must be repaid over the prescribed repayment period unless amounts are included in income.
Should I use my FHSA or Home Buyers’ Plan first?
The best order depends on your savings, tax position and home-purchase timing. Because both can be used together, the more useful question is often how much to contribute to each account before buying and how an HBP repayment obligation fits your future budget.
Official sources and rule record+
Methodology & official sources
How this estimate works
Adds entered First Home Savings Account funds, a Home Buyers’ Plan withdrawal capped at $60,000 per person, and other cash, then subtracts the closing-cost reserve.
Eligibility, account-opening dates, withdrawal forms, repayment obligations and spouse amounts must be verified before withdrawing.
Canada Revenue AgencyHome Buyers’ PlanView official source →Canada Revenue AgencyFirst Home Savings AccountView official source →
ca.expanded.2026.v1 · Effective 2026-01-01 · 2026 rules · Last verified August 2026 · Based on official Canadian sources