Can I use my RRSP+ to leverage the Home Buyer’s Plan (HBP)?

Yes. You can use your RRSP+ under the HBP if you're eligible.

Good news! Our rules are now more flexible, and you are no longer required to withdraw your other RRSPs before accessing your RRSP+ as part of the HBP.

Requirements:

The shareholder must be eligible for the Home Buyers’ Plan (HBP) by withdrawing funds from an RRSP

AND

must agree to make the repayments to the Fonds de solidarité FTQ.

Documents required:

The Fonds de solidarité FTQ form

AND

Canada Revenue Agency’s form

AND

one of the following proofs of purchase indicating the address of the property:

For the purchase of an existing home

the accepted offer to purchase in the shareholder’s name, duly signed by the relevant parties.

For the purchase of a factory built/prefabricated home

the purchase agreement of the factory-built home/prefabricated home in the shareholder’s name, duly signed by the relevant parties.

For the purchase of a mobile home

the purchase agreement of the mobile home in the shareholder’s name, duly signed by the relevant parties

AND

proof that the shareholder owns the land or rental agreement for at least one year with supporting lease.

For the purchase of a new home

preliminary purchase agreement (equivalent to the offer to purchase), duly signed by the relevant parties.

For the autoconstruction of a house by the shareholder

a building permit duly issued by the municipality in the shareholder’s name confirming the construction of a new home 

AND

proof that the shareholder owns the land.

Eligible shares:

All shares issues and held in an RRSP or spousal RRSP for at least 90 days up to the contribution limit allowed under the plan.

Subsequent share acquisition:

At any time.

Disbursement terms and conditions:

A maximum of two installments equal to the eligible shares, up to the maximum allowed by the plan.

Do you have a more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
Prospectus En ( 883 Kb )