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.
The shareholder must be eligible for the Home Buyers’ Plan (HBP) by withdrawing funds from an RRSPAND
must agree to make the repayments to the Fonds de solidarité FTQ.
The Fonds de solidarité FTQ formAND
Canada Revenue Agency’s formAND
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 partiesAND
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 homeAND
proof that the shareholder owns the land.
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.