Buying your first home with the HBP
What is the HBP?
LThe Home Buyers’ Plan (HBP) is a government program. It allows you to withdraw up to $60,000 from your RRSP to help finance the purchase of your first home.
Eligibility
The details provided here are intended for general informational purposes and have been simplified. Please refer to the prospectus for details on the requirements and the documents you need to submit.
Your eligibility will be reviewed once your application is complete.
Status : You and your spouse must not own a home or have owned one during the year of the withdrawal or in any of the preceding 4 calendar years. See the Canada Revenue Agency’s conditions
Place of residence : You are purchasing or building a principal residence in Canada
Repayment : You must undertake to make repayments to your Fondaction RRSP
RRSP : Your RRSP shares must have been purchased at least 90 days prior to making a withdrawal under the HBP
Documents to provide
- Fondaction form
- Accepted offer to purchase, building contract, or building permit with proof of land ownership
- Canada Revenue Agency Document T1036:English version | French version
How do I submit an application?
- Complete and sign the form directly on the PDF document or print a hard copy. Electronic signatures are accepted.
- Refer to our FAQ for the types of signatures accepted: fondaction.com/faq/types-signatures-admis/ (in French)
- Send the form and any other required documents by clicking here: secure online portal
or
by mail : Fondaction – Shareholder Services
2175 De Maisonneuve Boulevard East, suite 103, Montréal (Québec) H2K 4S3
Select the form that applies to your situation:
In accordance with the Charter of the French Language, by clicking on the hyperlink below, you recognize that the French version of the document has been remitted to you through the hyperlink above.