Canadian Association of Accredited Mortgage Professionals (CAAMP) / Association Canadienne des Conseillers Hypothécaires Accrédités
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RRSP Homebuyers Plan

Effective January 27, 2009, as a first time home buyer, you are allowed to withdraw up to $25,000 from your RRSP without penalty.  This amount can be doubled with your partner to a total of $50,000. Participants of the Homebuyers plan must begin repayment to their RRSP within two years of withdrawing the funds.

For more information, talk to your mortgage professional or visit: