Home Buyers' Plan (HBP) :
purchase a property with your RRSPs
What is the HBP?
Tax free... provided you repay your loan!
Multi-Prêts will strongly advise you to follow the repayment schedule of your HBP because you will have to pay tax on all outstanding amounts, which will now be considered as withdrawn from your RRSPs.
Multi-Prêts advises you on the HBP
Working in Laval and on the North Shore, you can count on Victor Hugo Pereira and his team to expertly guide you through the entire HBP process. During your free meeting (find out why our services are free here), your mortgage broker will first determine if you qualify for the Home Buyers’ Plan; as a general rule, you must be a first-time buyer but there are always exceptions.
Your broker will also provide you with all the information you need to make the HBP process work. Based on your unique situation, he or she will answer any questions that you might have, such as: