Home Buyers’ Plan

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Is this guide for you?
% W( ?" y+ ]" u. O- S% u0 ?' d1 V' ~Use this guide if you want information about the rules that
5 W* E6 c; u$ v1 D% O3 Sapply to the Home Buyers’ Plan (HBP).
What is the HBP?
" ^# g2 G5 m/ j3 d& _The HBP is a program that allows you to withdraw up
to $20,000 from your registered retirement savings plans
(RRSPs) to buy or build a qualifying home. However, the
- U9 F8 F* @' F1 {) {* F9 g& Fprogram sets out certain conditions for participation. If an
/ t' m* a* J$ [9 w5 y/ Vindividual meets all the applicable HBP conditions, the
6 V) P6 f9 X, d4 }, f+ `withdrawals will not have to be included in his or her
income, and the RRSP issuer will not withhold tax on these
6 O- t8 H) ]$ J0 M  namounts. If you buy a qualifying home with your spouse or
/ y3 N  c. h1 G* O6 N  _+ Qcommon-law partner, or with other individuals, each of
2 ^( u" ^/ k; Z" ]6 [2 _$ R1 {you can withdraw up to $20,000.
( _2 H! T& U' j* d1 A1 d* _6 R2 xUnder the HBP, you have to repay all withdrawals to your
RRSPs within a 15-year period. Generally, you will have to
repay an amount to your RRSPs each year, starting the
3 ]8 {( C, b( I- L5 B; R' R0 V1 W! }! Tsecond year after the funds are withdrawn, until you have
4 O1 u( _# @: \! z: Urepaid the total amount you withdrew. If you do not repay
4 @  u* c: c# F% X7 A* B1 G/ ]the 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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