Département de science politique
Faculté des sciences sociales

Université Laval

We will modernize the existing Home Buyers’ Plan to allow Canadians impacted by sudden and significant life changes to buy a house without tax penalty.

Real Change: A New Plan For a Strong Middle Class (page 7)

"Taking money out of your RRSP for an HBP loan doesn’t count as an early withdrawal if you repay the funds. If you default, however, you will have to pay tax on whatever portion of the loan you didn’t pay back, just like a regular pre-retirement RRSP withdrawal." (Global News, February 22, 2017)

What is the Home Buyers' Plan (HBP)? - Government of Canada

Political promise

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#5052
Language
EN